Pentair plc (NYSE:PNR) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its position in Pentair plc (NYSE:PNR - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,000,056 shares of the industrial products company's stock after selling 81,725 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.21% of Pentair worth $201,286,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PNR. Quarry LP lifted its stake in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after buying an additional 134 shares during the period. SJS Investment Consulting Inc. lifted its stake in shares of Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 294 shares during the period. Eastern Bank raised its position in shares of Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after acquiring an additional 300 shares during the period. Friedenthal Financial purchased a new position in Pentair during the fourth quarter worth approximately $56,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Pentair during the 4th quarter valued at approximately $60,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PNR shares. KeyCorp reiterated a "sector weight" rating and issued a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Barclays reduced their price target on Pentair from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Robert W. Baird upgraded Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price objective on the stock in a report on Tuesday, March 25th. Citigroup dropped their price target on shares of Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus dropped their price objective on Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $112.27.

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Pentair Stock Up 10.4 %

Pentair stock traded up $7.93 during midday trading on Wednesday, reaching $84.10. The company's stock had a trading volume of 3,585,633 shares, compared to its average volume of 1,488,975. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The company has a market cap of $13.86 billion, a P/E ratio of 22.49, 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. The business has a 50-day simple moving average of $90.30 and a 200-day simple moving average of $97.98.

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

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be paid a dividend of $0.25 per share. 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 is currently 26.74%.

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.