Larson Financial Group LLC Has $182,000 Stock Position in Pentair plc (NYSE:PNR)

Larson Financial Group LLC reduced its stake in shares of Pentair plc (NYSE:PNR) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,809 shares of the industrial products company’s stock after selling 474 shares during the quarter. Larson Financial Group LLC’s holdings in Pentair were worth $182,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quarry LP grew its holdings in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 294 shares in the last quarter. Eastern Bank grew its holdings in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Pentair during the 4th quarter worth $55,000. Finally, Friedenthal Financial acquired a new stake in shares of Pentair during the 4th quarter worth $56,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PNR. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Pentair in a report on Thursday, November 21st. Robert W. Baird raised their price objective on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Citigroup reduced their price objective on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Oppenheimer raised their price objective on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, KeyCorp reaffirmed a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Pentair presently has an average rating of “Moderate Buy” and an average target price of $111.25.

Pentair Price Performance

Pentair stock opened at $86.09 on Wednesday. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $14.19 billion, a PE ratio of 23.02, a P/E/G ratio of 1.87 and a beta of 1.23. The stock has a 50-day moving average price of $97.73 and a two-hundred day moving average price of $98.74.

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

Pentair Dividend Announcement

The firm also recently announced 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 is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. Pentair’s payout ratio is currently 26.74%.

Pentair 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.