Pentair plc $PNR Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd decreased its holdings in shares of Pentair plc (NYSE:PNR) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,877 shares of the industrial products company’s stock after selling 9,599 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Pentair were worth $3,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Moors & Cabot Inc. raised its stake in Pentair by 0.9% during the third quarter. Moors & Cabot Inc. now owns 11,006 shares of the industrial products company’s stock worth $1,219,000 after acquiring an additional 100 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Pentair by 71.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 105 shares during the last quarter. Private Advisor Group LLC boosted its position in Pentair by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 8,888 shares of the industrial products company’s stock valued at $984,000 after purchasing an additional 105 shares during the period. Captrust Financial Advisors lifted its stake in Pentair by 0.3% in the second quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company’s stock valued at $3,915,000 after buying an additional 107 shares during the last quarter. Finally, Plan A Wealth LLC boosted its holdings in shares of Pentair by 6.0% during the fourth quarter. Plan A Wealth LLC now owns 2,009 shares of the industrial products company’s stock valued at $209,000 after acquiring an additional 113 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Price Performance

Shares of NYSE:PNR opened at $75.27 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. The company has a market capitalization of $12.16 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.26 and a beta of 1.05. The stock has a fifty day moving average of $79.53 and a 200-day moving average of $92.60. Pentair plc has a one year low of $69.93 and a one year high of $113.95.

Pentair (NYSE:PNR) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Pentair had a return on equity of 21.92% and a net margin of 15.98%.Pentair’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 earnings per share. As a group, equities analysts anticipate that Pentair plc will post 5.35 EPS for the current fiscal year.

Pentair Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. TD Cowen reduced their price objective on Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a research report on Wednesday, April 29th. Barclays decreased their price objective on Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Seaport Research Partners reduced their price target on Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Bank of America cut their price objective on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $107.86.

About Pentair

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.