Pentair plc (NYSE:PNR) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its stake in shares of Pentair plc (NYSE:PNR) by 12.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,401 shares of the industrial products company’s stock after selling 620 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Pentair were worth $320,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PNR. Raymond James Financial Services Advisors Inc. grew its position in shares of Pentair by 10.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,329 shares of the industrial products company’s stock worth $885,000 after buying an additional 1,554 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Pentair by 54.2% during the first quarter. HighTower Advisors LLC now owns 16,188 shares of the industrial products company’s stock worth $879,000 after buying an additional 5,692 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Pentair by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,141 shares of the industrial products company’s stock worth $1,200,000 after buying an additional 1,371 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Pentair by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 126,084 shares of the industrial products company’s stock worth $7,146,000 after buying an additional 322 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Pentair by 17.3% in the first quarter. Allianz Asset Management GmbH now owns 14,212 shares of the industrial products company’s stock worth $770,000 after purchasing an additional 2,098 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

PNR has been the subject of a number of research reports. Barclays lifted their price objective on shares of Pentair from $90.00 to $92.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Citigroup lifted their price objective on shares of Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $91.00 price objective on shares of Pentair in a report on Friday, March 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $88.00 price objective (up previously from $82.00) on shares of Pentair in a report on Thursday, March 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Pentair presently has an average rating of “Moderate Buy” and an average target price of $86.43.

Pentair Stock Performance

PNR stock opened at $81.10 on Monday. The company has a market capitalization of $13.46 billion, a P/E ratio of 21.63, a PEG ratio of 1.54 and a beta of 1.20. The company has a 50-day simple moving average of $79.47 and a 200 day simple moving average of $71.03. Pentair plc has a fifty-two week low of $51.38 and a fifty-two week high of $85.81. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.62.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. The business had revenue of $984.60 million during the quarter, compared to the consensus estimate of $975.36 million. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. Sell-side analysts predict that Pentair plc will post 4.21 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, April 18th. Pentair’s payout ratio is currently 24.53%.

Pentair 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.