Lifeworks Advisors LLC Boosts Position in Pentair plc (NYSE:PNR)

Lifeworks Advisors LLC boosted its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 35.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,399 shares of the industrial products company's stock after buying an additional 6,923 shares during the quarter. Lifeworks Advisors LLC's holdings in Pentair were worth $2,657,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PNR. National Bank of Canada FI raised its holdings in shares of Pentair by 862.2% during the third quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company's stock worth $43,212,000 after purchasing an additional 395,962 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Pentair by 67.4% during the 4th quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company's stock valued at $89,390,000 after buying an additional 357,523 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Pentair during the 3rd quarter valued at about $26,748,000. National Pension Service lifted its holdings in shares of Pentair by 726.4% in the 4th quarter. National Pension Service now owns 296,554 shares of the industrial products company's stock valued at $29,845,000 after buying an additional 260,668 shares during the period. Finally, State Street Corp boosted its stake in shares of Pentair by 3.1% in the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company's stock worth $856,257,000 after buying an additional 259,922 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

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Pentair Price Performance

Shares of NYSE:PNR traded down $0.49 during trading on Wednesday, reaching $85.57. The stock had a trading volume of 1,544,968 shares, compared to its average volume of 1,490,457. 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 plc has a 1-year low of $72.63 and a 1-year high of $110.71. The stock has a market cap of $14.10 billion, a PE ratio of 22.88, a PEG ratio of 1.87 and a beta of 1.23. The business has a fifty day moving average price of $97.73 and a 200-day moving average price of $98.74.

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, equities analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. Pentair's dividend payout ratio (DPR) is presently 26.74%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PNR shares. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Robert W. Baird lifted their target price on shares of Pentair from $106.00 to $114.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. KeyCorp reissued a "sector weight" rating and set a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Stifel Nicolaus cut their price objective on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a report on Friday, January 24th. Finally, Wolfe Research initiated coverage on shares of Pentair in a research report on Tuesday, November 26th. They issued an "outperform" rating and a $125.00 price objective for the company. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Pentair currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.25.

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.