Duff & Phelps Investment Management Co. Decreases Stock Holdings in Pentair plc (NYSE:PNR)

Duff & Phelps Investment Management Co. trimmed its stake in Pentair plc (NYSE:PNR - Free Report) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,247 shares of the industrial products company's stock after selling 36,965 shares during the period. Duff & Phelps Investment Management Co. owned about 0.16% of Pentair worth $27,399,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PNR. Vanguard Group Inc. increased its stake in shares of Pentair by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company's stock valued at $2,034,575,000 after buying an additional 148,031 shares during the period. State Street Corp increased its position in Pentair by 3.1% during the 3rd quarter. State Street Corp now owns 8,756,075 shares of the industrial products company's stock valued at $856,257,000 after purchasing an additional 259,922 shares during the period. FMR LLC raised its holdings in Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock worth $557,860,000 after purchasing an additional 258,134 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Pentair by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company's stock worth $389,800,000 after purchasing an additional 19,853 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Pentair by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,010,068 shares of the industrial products company's stock valued at $101,653,000 after purchasing an additional 7,434 shares during the last quarter. 92.37% of the stock is owned by institutional investors.

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Pentair Stock Up 0.8 %

PNR traded up $0.70 during midday trading on Monday, reaching $87.54. 739,992 shares of the company were exchanged, compared to its average volume of 1,464,329. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The company's fifty day moving average price is $94.54 and its 200 day moving average price is $98.84. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly 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. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. Pentair's revenue was down 1.2% compared to the same quarter last year. As a group, analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is presently 26.74%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PNR shares. Citigroup lowered their target price on shares of Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Barclays lowered their price objective on Pentair from $120.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Robert W. Baird upgraded Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 target price on the stock in a research report on Tuesday, March 25th. Baird R W upgraded Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Finally, KeyCorp restated a "sector weight" rating and set a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Pentair presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.27.

Pentair Company 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.