Pentair plc (NYSE:PNR) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC decreased its holdings in Pentair plc (NYSE:PNR - Free Report) by 62.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,254 shares of the industrial products company's stock after selling 20,344 shares during the quarter. Metis Global Partners LLC's holdings in Pentair were worth $1,233,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Quarry LP increased its holdings in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. grew its position in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after buying an additional 294 shares in the last quarter. Eastern Bank increased its stake in shares of Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after buying an additional 300 shares during the period. Friedenthal Financial acquired a new stake in Pentair in the fourth quarter valued at approximately $56,000. Finally, Spire Wealth Management purchased a new position in Pentair in the fourth quarter worth approximately $64,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. StockNews.com raised Pentair from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Robert W. Baird increased their price objective on Pentair from $106.00 to $114.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. KeyCorp restated a "sector weight" rating and set a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Finally, Wolfe Research began coverage on Pentair in a report on Tuesday, November 26th. They issued an "outperform" rating and a $125.00 price target for the company. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $111.25.

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Pentair Stock Performance

NYSE PNR traded down $1.67 during trading on Friday, reaching $88.15. The company's stock had a trading volume of 3,007,204 shares, compared to its average volume of 1,437,846. The business's fifty day moving average price is $98.59 and its 200-day moving average price is $98.52. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 1.87 and a beta of 1.23.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating 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 firm had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same period in the prior year, the business earned $0.87 EPS. The firm's revenue was down 1.2% compared to the same quarter last year. As a group, analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.13%. Pentair's dividend payout ratio is currently 26.74%.

Pentair 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.