Lifeworks Advisors LLC Has $4.01 Million Stake in Pentair plc $PNR

Lifeworks Advisors LLC boosted its holdings in Pentair plc (NYSE:PNR) by 17.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,067 shares of the industrial products company’s stock after purchasing an additional 6,823 shares during the period. Lifeworks Advisors LLC’s holdings in Pentair were worth $4,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Pentair by 71.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after buying an additional 105 shares during the last quarter. Wexford Capital LP acquired a new stake in shares of Pentair in the third quarter valued at about $26,000. Motiv8 Investments LLC acquired a new stake in shares of Pentair in the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new stake in Pentair during the fourth quarter worth about $43,000. Finally, Park Square Financial Group LLC boosted its position in Pentair by 502.8% during the fourth quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 362 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PNR. Seaport Research Partners decreased their price target on Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Oppenheimer dropped their price objective on Pentair from $122.00 to $115.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Citigroup cut their price objective on Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Stifel Nicolaus decreased their target price on shares of Pentair from $110.00 to $103.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Pentair from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $107.86.

Pentair Price Performance

Shares of NYSE PNR opened at $76.21 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average price is $74.56 and its two-hundred day moving average price is $88.86. The company has a market cap of $12.32 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.29 and a beta of 1.03. Pentair plc has a twelve month low of $69.93 and a twelve month high of $113.95.

Pentair (NYSE:PNR) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $1.11 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. On average, analysts predict that Pentair plc will post 5.35 EPS for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 annualized dividend and a yield of 1.4%. Pentair’s dividend payout ratio (DPR) is currently 26.47%.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.