Pentair plc $PNR Stock Position Decreased by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Pentair plc (NYSE:PNR) by 4.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,118,768 shares of the industrial products company’s stock after selling 48,586 shares during the quarter. Legal & General Group Plc’s holdings in Pentair were worth $116,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Wexford Capital LP bought a new stake in shares of Pentair during the 3rd quarter valued at about $26,000. Park Square Financial Group LLC grew its position in shares of Pentair by 502.8% during the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after buying an additional 362 shares during the last quarter. Clearstead Advisors LLC grew its position in shares of Pentair by 86.4% during the 3rd quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $49,000 after buying an additional 204 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Pentair during the 2nd quarter valued at about $50,000. Finally, REAP Financial Group LLC bought a new stake in shares of Pentair during the 3rd quarter valued at about $53,000. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Down 1.5%

PNR stock opened at $71.33 on Friday. Pentair plc has a 52 week low of $70.59 and a 52 week high of $113.95. The company has a market capitalization of $11.53 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The firm’s 50-day moving average is $83.17 and its two-hundred day moving average is $95.56. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51.

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

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, July 24th. Pentair’s payout ratio is presently 26.47%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PNR shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $125.00 price objective (down from $135.00) on shares of Pentair in a research report on Tuesday, March 31st. Citigroup reduced their target price on shares of Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada reduced their target price on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Barclays reduced their target price on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Finally, Robert W. Baird set a $110.00 target price on shares of Pentair in a research note on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.86.

Pentair 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.