Pentair plc (NYSE:PNR) Holdings Decreased by Xponance Inc.

Xponance Inc. decreased its holdings in shares of Pentair plc (NYSE:PNR) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,690 shares of the industrial products company’s stock after selling 2,221 shares during the quarter. Xponance Inc.’s holdings in Pentair were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PNR. Lord Abbett & CO. LLC acquired a new stake in shares of Pentair in the third quarter worth about $21,044,000. Assenagon Asset Management S.A. lifted its position in shares of Pentair by 228.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 373,082 shares of the industrial products company’s stock worth $27,127,000 after buying an additional 259,385 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Pentair in the third quarter worth about $14,763,000. Vanguard Group Inc. lifted its position in shares of Pentair by 1.0% in the third quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock worth $1,287,364,000 after buying an additional 204,416 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its position in shares of Pentair by 1.3% in the fourth quarter. Impax Asset Management Group plc now owns 9,897,479 shares of the industrial products company’s stock worth $718,440,000 after buying an additional 131,745 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Trading Down 0.9 %

Pentair stock opened at $78.47 on Wednesday. The business has a 50 day moving average price of $80.10 and a two-hundred day moving average price of $71.68. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.62. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. Pentair plc has a 12 month low of $52.28 and a 12 month high of $85.81.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm posted $0.91 EPS. Pentair’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Pentair plc will post 4.2 EPS for the current year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a $0.23 dividend. The ex-dividend date is Thursday, April 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.17%. Pentair’s payout ratio is presently 24.53%.

Analyst Ratings Changes

PNR has been the subject of a number of analyst reports. Northcoast Research raised Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Monday, April 15th. BNP Paribas began coverage on Pentair in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 price objective on the stock. Citigroup lifted their price objective on Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. UBS Group lifted their price objective on Pentair from $72.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus lifted their price objective on Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Pentair currently has a consensus rating of “Moderate Buy” and an average price target of $87.33.

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.