Lombard Odier Asset Management Europe Ltd Has $3.53 Million Stock Position in Pentair plc $PNR

Lombard Odier Asset Management Europe Ltd lowered its stake in shares of Pentair plc (NYSE:PNR) by 22.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Pentair by 71.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after buying an additional 105 shares during the last quarter. Wexford Capital LP acquired a new position in Pentair in the third quarter worth approximately $26,000. Motiv8 Investments LLC acquired a new position in Pentair in the fourth quarter worth approximately $27,000. Aster Capital Management DIFC Ltd bought a new position in Pentair during the fourth quarter valued at approximately $43,000. Finally, Park Square Financial Group LLC lifted its stake in Pentair by 502.8% in the fourth quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 362 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PNR has been the topic of several analyst reports. Weiss Ratings lowered shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Royal Bank Of Canada reduced their price objective 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. Robert W. Baird set a $110.00 target price on shares of Pentair in a research report on Wednesday, April 29th. Bank of America cut their target price on Pentair from $100.00 to $88.00 and set an “underperform” rating on the stock in a report on Monday, April 20th. Finally, Stifel Nicolaus reduced their price target on Pentair from $110.00 to $103.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pentair has a consensus rating of “Hold” and an average price target of $107.86.

Pentair Stock Performance

Shares of NYSE PNR opened at $75.27 on Wednesday. Pentair plc has a 12 month low of $69.93 and a 12 month high of $113.95. The company has a market cap of $12.16 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.26 and a beta of 1.05. The business’s 50 day moving average is $79.53 and its two-hundred day moving average is $92.60. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51.

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

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. Pentair’s dividend payout ratio is currently 26.47%.

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.