Altshuler Shaham Ltd Sells 2,290 Shares of Pentair plc (NYSE:PNR)

Altshuler Shaham Ltd trimmed its position in Pentair plc (NYSE:PNR) by 31.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,108 shares of the industrial products company’s stock after selling 2,290 shares during the quarter. Altshuler Shaham Ltd’s holdings in Pentair were worth $514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its position in Pentair by 219.0% during the 4th quarter. Teacher Retirement System of Texas now owns 604,758 shares of the industrial products company’s stock valued at $60,863,000 after purchasing an additional 415,163 shares during the period. FMR LLC boosted its stake in Pentair by 7.0% in the fourth quarter. FMR LLC now owns 6,101,253 shares of the industrial products company’s stock valued at $614,030,000 after acquiring an additional 396,581 shares during the last quarter. Norges Bank acquired a new stake in Pentair during the 4th quarter worth $36,568,000. Allianz Asset Management GmbH raised its position in shares of Pentair by 67.4% during the 4th quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company’s stock valued at $89,390,000 after acquiring an additional 357,523 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Pentair by 37.0% in the 4th quarter. Bessemer Group Inc. now owns 1,283,164 shares of the industrial products company’s stock valued at $129,137,000 after purchasing an additional 346,843 shares during the period. Institutional investors own 92.37% of the company’s stock.

Pentair Trading Down 1.9 %

Shares of PNR stock opened at $80.77 on Thursday. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a market capitalization of $13.32 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. The firm has a 50 day moving average price of $88.55 and a two-hundred day moving average price of $97.45. 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 released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 EPS. As a group, analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, April 17th. Pentair’s dividend payout ratio (DPR) is presently 26.74%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Baird R W upgraded Pentair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. Robert W. Baird upgraded shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price target on the stock in a research report on Tuesday, March 25th. KeyCorp reaffirmed a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Finally, Barclays lowered their price objective on shares of Pentair from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and an average target price of $110.00.

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.