Mountain Pacific Investment Advisers Inc. ID Cuts Stock Holdings in Pentair plc (NYSE:PNR)

Mountain Pacific Investment Advisers Inc. ID lessened its stake in shares of Pentair plc (NYSE:PNR) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 415,938 shares of the industrial products company’s stock after selling 2,736 shares during the period. Pentair accounts for approximately 1.9% of Mountain Pacific Investment Advisers Inc. ID’s holdings, making the stock its 21st biggest position. Mountain Pacific Investment Advisers Inc. ID’s holdings in Pentair were worth $30,243,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC grew its holdings in Pentair by 82.4% during the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after buying an additional 154 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Pentair by 935.1% in the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 346 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Pentair by 112.7% in the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. IFP Advisors Inc increased its position in Pentair by 97.6% in the third quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 202 shares during the last quarter. Finally, Baystate Wealth Management LLC purchased a new stake in Pentair during the third quarter valued at $30,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PNR shares. BNP Paribas initiated coverage on shares of Pentair in a report on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 target price on the stock. StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Oppenheimer lifted their target price on Pentair from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays increased their price target on Pentair from $92.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Northcoast Research upgraded shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.93.

Pentair Price Performance

PNR opened at $79.96 on Friday. The company has a market capitalization of $13.28 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.50 and a beta of 1.20. The company has a current ratio of 1.90, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. Pentair plc has a 12-month low of $53.88 and a 12-month high of $85.81. The business’s fifty day simple moving average is $80.35 and its 200-day simple moving average is $71.89.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. On average, equities research analysts anticipate that Pentair plc will post 4.21 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, April 18th. Pentair’s payout ratio is currently 24.47%.

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.