Headlands Technologies LLC Sells 4,066 Shares of Pentair plc (NYSE:PNR)

Headlands Technologies LLC reduced its position in shares of Pentair plc (NYSE:PNR - Free Report) by 38.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,433 shares of the industrial products company's stock after selling 4,066 shares during the period. Headlands Technologies LLC's holdings in Pentair were worth $647,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Glenmede Trust Co. NA purchased a new stake in shares of Pentair during the third quarter valued at approximately $666,000. Public Sector Pension Investment Board increased its position in shares of Pentair by 10.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 7,147 shares of the industrial products company's stock valued at $699,000 after purchasing an additional 700 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Pentair by 8.8% during the 3rd quarter. Captrust Financial Advisors now owns 38,609 shares of the industrial products company's stock valued at $3,776,000 after purchasing an additional 3,129 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Pentair during the 3rd quarter worth $437,000. Finally, Holocene Advisors LP purchased a new stake in Pentair during the third quarter worth about $4,005,000. 92.37% of the stock is owned by institutional investors.

Pentair Stock Down 2.2 %

Shares of PNR stock traded down $1.72 during mid-day trading on Monday, reaching $77.04. 752,991 shares of the company's stock traded hands, compared to its average volume of 1,468,696. The company's 50-day moving average price is $92.63 and its 200-day moving average price is $98.58. The company has a market cap of $12.70 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.87 and a beta of 1.13. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Pentair plc has a 12 month low of $71.89 and a 12 month high of $110.71.

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

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's dividend payout ratio is currently 26.74%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PNR. StockNews.com lowered shares of Pentair from a "buy" rating to a "hold" rating in a research note on Thursday. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Robert W. Baird raised shares of Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price target on the stock in a report on Tuesday, March 25th. Finally, Stifel Nicolaus reduced their price objective on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $112.27.

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.