Savant Capital LLC lessened its stake in Pentair plc (NYSE:PNR – Free Report) by 76.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,710 shares of the industrial products company’s stock after selling 21,408 shares during the quarter. Savant Capital LLC’s holdings in Pentair were worth $699,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Pentair by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 4,428,737 shares of the industrial products company’s stock valued at $459,480,000 after buying an additional 137,980 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Pentair by 22.8% in the 4th quarter. Nordea Investment Management AB now owns 3,484,915 shares of the industrial products company’s stock valued at $366,787,000 after buying an additional 647,162 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Pentair by 106.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,236,826 shares of the industrial products company’s stock valued at $358,521,000 after buying an additional 1,670,944 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Pentair by 13.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,638,855 shares of the industrial products company’s stock valued at $274,810,000 after buying an additional 305,166 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Pentair by 0.9% in the 3rd quarter. Northern Trust Corp now owns 2,149,531 shares of the industrial products company’s stock valued at $238,082,000 after buying an additional 18,716 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Oppenheimer cut their price objective on Pentair from $122.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. TD Cowen cut their price objective on Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a report on Wednesday, April 29th. Seaport Research Partners cut their price objective on Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group reissued a “buy” rating and issued a $125.00 price objective (down from $135.00) on shares of Pentair in a report on Tuesday, March 31st. Finally, Wall Street Zen downgraded Pentair from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Ten 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $107.86.
Pentair Trading Up 0.4%
Shares of Pentair stock opened at $71.55 on Thursday. The business has a fifty day simple moving average of $81.83 and a two-hundred day simple moving average of $94.52. Pentair plc has a 1 year low of $69.93 and a 1 year high of $113.95. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.21 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.19.
Pentair (NYSE:PNR – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.05. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm posted $1.11 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Research analysts forecast that Pentair plc will post 5.35 EPS for the current year.
Pentair Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 annualized dividend and a yield of 1.5%. Pentair’s dividend payout ratio (DPR) 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.
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