Pentair plc (NYSE:PNR) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its position in Pentair plc (NYSE:PNR - Free Report) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,291 shares of the industrial products company's stock after selling 7,844 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Pentair were worth $3,350,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division bought a new position in Pentair in the fourth quarter worth about $989,000. Algert Global LLC purchased a new stake in shares of Pentair during the third quarter worth about $479,000. FMR LLC grew its stake in shares of Pentair by 4.7% during the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock worth $557,860,000 after acquiring an additional 258,134 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of Pentair by 47.4% during the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company's stock worth $1,944,000 after acquiring an additional 6,391 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Pentair by 69.9% during the third quarter. Advisors Asset Management Inc. now owns 25,002 shares of the industrial products company's stock worth $2,445,000 after acquiring an additional 10,284 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Pentair Price Performance

Shares of PNR stock traded down $0.87 during trading hours on Friday, hitting $87.44. 3,262,858 shares of the company's stock were exchanged, compared to its average volume of 1,370,800. 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 firm has a market cap of $14.41 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.87 and a beta of 1.23. The firm has a 50 day moving average of $95.72 and a two-hundred day moving average of $98.65. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71.

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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 for the quarter, topping the consensus estimate of $1.02 by $0.06. The business had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business's quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. Sell-side analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wolfe Research began coverage on Pentair in a research note on Tuesday, November 26th. They set an "outperform" rating and a $125.00 price target on the stock. KeyCorp reiterated a "sector weight" rating and issued a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. StockNews.com upgraded Pentair from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th. Finally, Citigroup dropped their target price on Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $112.93.

About Pentair

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.