Gabelli Funds LLC Sells 1,500 Shares of Pentair plc (NYSE:PNR)

Gabelli Funds LLC lowered its stake in shares of Pentair plc (NYSE:PNR) by 1.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 109,200 shares of the industrial products company’s stock after selling 1,500 shares during the period. Gabelli Funds LLC’s holdings in Pentair were worth $10,990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Independent Advisor Alliance lifted its stake 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 worth $768,000 after purchasing an additional 103 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Pentair by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 118 shares in the last quarter. Richardson Financial Services Inc. lifted its position in shares of Pentair by 16.1% during the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock valued at $92,000 after buying an additional 127 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in shares of Pentair by 2.9% in the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock valued at $540,000 after buying an additional 151 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of Pentair by 1.3% in the 4th quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company’s stock worth $1,251,000 after buying an additional 161 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Down 1.9 %

Pentair stock opened at $80.77 on Thursday. The business’s 50-day moving average price is $88.55 and its 200 day moving average price is $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. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71.

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

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given 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 1.24%. Pentair’s dividend payout ratio (DPR) is currently 26.74%.

Analysts Set New Price Targets

PNR has been the subject of a number of analyst reports. Baird R W raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Stifel Nicolaus lowered their price target on Pentair from $125.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday. KeyCorp restated a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, 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 note on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.