First Bank & Trust lowered its stake in shares of Pentair PLC (NYSE:PNR) by 74.4% during the 1st quarter, HoldingsChannel reports. The fund owned 1,134 shares of the industrial products company’s stock after selling 3,296 shares during the quarter. First Bank & Trust’s holdings in Pentair were worth $50,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. CSat Investment Advisory L.P. increased its holdings in shares of Pentair by 47.8% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,017 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 329 shares in the last quarter. Enlightenment Research LLC acquired a new position in shares of Pentair during the fourth quarter valued at about $42,000. Mercer Capital Advisers Inc. increased its holdings in shares of Pentair by 52.0% during the fourth quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 650 shares in the last quarter. ETF Managers Group LLC increased its holdings in shares of Pentair by 19.6% during the fourth quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 325 shares in the last quarter. Finally, ERTS Wealth Advisors LLC acquired a new position in shares of Pentair during the fourth quarter valued at about $156,000. Hedge funds and other institutional investors own 85.79% of the company’s stock.
Shares of NYSE PNR opened at $40.47 on Wednesday. The company has a market capitalization of $6.85 billion, a P/E ratio of 17.22, a PEG ratio of 2.92 and a beta of 1.25. Pentair PLC has a 52 week low of $35.30 and a 52 week high of $72.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 1.27.
Pentair (NYSE:PNR) last issued its earnings results on Tuesday, January 29th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. The firm had revenue of $740.50 million for the quarter, compared to analyst estimates of $735.74 million. Pentair had a return on equity of 18.86% and a net margin of 9.92%. Pentair’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. Sell-side analysts predict that Pentair PLC will post 2.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $0.72 dividend on an annualized basis and a yield of 1.78%. Pentair’s dividend payout ratio is currently 30.64%.
In other Pentair news, SVP Ademir Sarcevic sold 2,435 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.00, for a total value of $109,575.00. Following the sale, the senior vice president now owns 2,763 shares in the company, valued at approximately $124,335. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Karl R. Frykman sold 10,241 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $41.28, for a total value of $422,748.48. Following the completion of the sale, the chief operating officer now owns 60,877 shares in the company, valued at approximately $2,513,002.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,942 shares of company stock worth $543,730. 0.80% of the stock is owned by insiders.
Several equities analysts have recently issued reports on the stock. Oppenheimer restated a “hold” rating on shares of Pentair in a report on Thursday, February 14th. Morgan Stanley assumed coverage on Pentair in a research report on Tuesday, December 18th. They issued an “equal weight” rating and a $41.00 target price on the stock. ValuEngine lowered Pentair from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. BMO Capital Markets dropped their target price on Pentair from $47.00 to $43.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. Finally, Zacks Investment Research lowered Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.90.
Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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