Pentair plc (NYSE:PNR) Shares Sold by Investors Research Corp

Investors Research Corp trimmed its stake in shares of Pentair plc (NYSE:PNR) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500 shares of the industrial products company’s stock after selling 500 shares during the period. Investors Research Corp’s holdings in Pentair were worth $50,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Independent Advisor Alliance lifted its position in shares of Pentair by 1.4% during the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company’s stock valued at $768,000 after acquiring an additional 103 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Pentair by 29.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 77,621 shares of the industrial products company’s stock valued at $7,812,000 after acquiring an additional 17,741 shares during the period. Lifeworks Advisors LLC lifted its position in shares of Pentair by 35.5% during the 4th quarter. Lifeworks Advisors LLC now owns 26,399 shares of the industrial products company’s stock valued at $2,657,000 after acquiring an additional 6,923 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Pentair by 2.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 39,575 shares of the industrial products company’s stock valued at $3,983,000 after acquiring an additional 955 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Pentair by 349.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 263,256 shares of the industrial products company’s stock valued at $28,135,000 after acquiring an additional 204,683 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PNR has been the subject of a number of research reports. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Citigroup dropped their price objective on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wolfe Research initiated coverage on shares of Pentair in a research note on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price objective for the company. Robert W. Baird raised their price objective on shares of Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their price objective on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.25.

Pentair Stock Down 3.7 %

Shares of PNR opened at $85.12 on Tuesday. The firm has a market cap of $14.03 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The company’s fifty day moving average is $98.33 and its two-hundred day moving average is $98.74. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. Pentair’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.87 EPS. Analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. Pentair’s dividend payout ratio (DPR) is presently 26.74%.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.