Natixis Advisors LLC Has $9.61 Million Stock Position in Pentair plc (NYSE:PNR)

Natixis Advisors LLC cut its holdings in Pentair plc (NYSE:PNR - Free Report) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,474 shares of the industrial products company's stock after selling 7,636 shares during the period. Natixis Advisors LLC owned 0.06% of Pentair worth $9,609,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Moody National Bank Trust Division bought a new position in shares of Pentair during the fourth quarter valued at $989,000. Algert Global LLC bought a new stake in shares of Pentair during the third quarter worth approximately $479,000. FMR LLC lifted its stake in shares of Pentair by 4.7% in the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock valued at $557,860,000 after purchasing an additional 258,134 shares during the period. Pathstone Holdings LLC lifted its stake in Pentair by 47.4% in the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company's stock valued at $1,944,000 after buying an additional 6,391 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in 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 buying an additional 10,284 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wolfe Research initiated coverage on Pentair in a research note on Tuesday, November 26th. They issued an "outperform" rating and a $125.00 price target for the company. KeyCorp reaffirmed a "sector weight" rating and issued a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Barclays lifted their price target on shares of Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Citigroup lowered their price objective 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, StockNews.com upgraded Pentair from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Pentair presently has an average rating of "Moderate Buy" and an average target price of $112.93.

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Pentair Stock Up 1.4 %

Shares of NYSE:PNR traded up $1.26 during mid-day trading on Tuesday, reaching $91.11. 1,556,938 shares of the stock were exchanged, compared to its average volume of 1,369,937. The stock's 50 day simple moving average is $95.54 and its 200-day simple moving average is $98.77. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The company has a market cap of $15.02 billion, a P/E ratio of 24.36, a P/E/G ratio of 1.87 and a beta of 1.23. 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 (NYSE:PNR - Get Free Report) last issued its quarterly 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 company had revenue of $972.90 million during 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 business's quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. As a group, equities research analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.10%. Pentair's dividend payout ratio (DPR) is presently 26.74%.

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.