Atria Investments Inc Trims Stock Position in Pentair plc (NYSE:PNR)

Atria Investments Inc lessened its holdings in Pentair plc (NYSE:PNR - Free Report) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,561 shares of the industrial products company's stock after selling 4,175 shares during the period. Atria Investments Inc's holdings in Pentair were worth $1,969,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Assetmark Inc. boosted its stake in Pentair by 69.6% during the fourth quarter. Assetmark Inc. now owns 2,237 shares of the industrial products company's stock worth $225,000 after buying an additional 918 shares during the period. Jones Financial Companies Lllp grew its stake in Pentair by 542.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,085 shares of the industrial products company's stock worth $109,000 after purchasing an additional 916 shares in the last quarter. Bailard Inc. increased its stake in shares of Pentair by 2.5% during the fourth quarter. Bailard Inc. now owns 8,392 shares of the industrial products company's stock valued at $845,000 after buying an additional 207 shares during the period. Norden Group LLC raised its holdings in shares of Pentair by 10.8% in the 4th quarter. Norden Group LLC now owns 2,565 shares of the industrial products company's stock valued at $258,000 after purchasing an additional 251 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Pentair by 55.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company's stock worth $81,000 after purchasing an additional 287 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

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Pentair Price Performance

Shares of NYSE PNR traded down $1.64 during midday trading on Thursday, hitting $83.90. The stock had a trading volume of 1,416,485 shares, compared to its average volume of 1,479,710. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $97.43 and a 200-day simple moving average of $98.65. The company has a market capitalization of $13.83 billion, a PE ratio of 22.43, a P/E/G ratio of 1.87 and a beta of 1.23. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. The company had revenue of $972.90 million for the quarter, compared to analysts' expectations of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 EPS. On average, sell-side analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is 26.74%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Pentair from a "hold" rating to a "buy" rating in a research report on Tuesday. Royal Bank of Canada reiterated an "outperform" rating and issued a $115.00 price target on shares of Pentair in a report on Thursday, November 21st. Citigroup cut their price objective on shares of Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Robert W. Baird lifted their price objective on Pentair from $106.00 to $114.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, Barclays upped their target price on Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Pentair has an average rating of "Moderate Buy" and an average price target of $112.93.

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.