Pentair plc $PNR Shares Sold by Clean Energy Transition LLP

Clean Energy Transition LLP lowered its stake in Pentair plc (NYSE:PNR) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 247,161 shares of the industrial products company’s stock after selling 65,844 shares during the period. Pentair accounts for 2.1% of Clean Energy Transition LLP’s holdings, making the stock its 11th biggest position. Clean Energy Transition LLP’s holdings in Pentair were worth $25,739,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Moors & Cabot Inc. raised its holdings in shares of Pentair by 0.9% in the third quarter. Moors & Cabot Inc. now owns 11,006 shares of the industrial products company’s stock worth $1,219,000 after buying an additional 100 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Pentair by 71.4% in the fourth 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. Private Advisor Group LLC raised its holdings in shares of Pentair by 1.2% in the third quarter. Private Advisor Group LLC now owns 8,888 shares of the industrial products company’s stock worth $984,000 after buying an additional 105 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Pentair by 0.3% in the second quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company’s stock worth $3,915,000 after buying an additional 107 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Pentair by 4.0% during the third quarter. Jones Financial Companies Lllp now owns 2,870 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Up 1.5%

PNR stock opened at $73.68 on Friday. Pentair plc has a one year low of $69.93 and a one year high of $113.95. 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 firm’s fifty day moving average is $79.98 and its 200 day moving average is $93.12. The firm has a market cap of $11.91 billion, a PE ratio of 18.06, a P/E/G ratio of 1.25 and a beta of 1.05.

Pentair (NYSE:PNR) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company earned $1.11 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts forecast that Pentair plc will post 5.35 EPS for the current year.

Pentair Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Oppenheimer reduced their target price on shares of Pentair from $122.00 to $115.00 and set an “outperform” rating for the company in a report 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 report on Wednesday, April 29th. Weiss Ratings cut shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Jefferies Financial Group reissued a “buy” rating and set a $125.00 target price (down from $135.00) on shares of Pentair in a report on Tuesday, March 31st. Finally, Bank of America reduced their target price on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $107.86.

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.