Northwest & Ethical Investments L.P. Sells 88,797 Shares of Pentair plc (NYSE:PNR)

Northwest & Ethical Investments L.P. cut its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 30.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,591 shares of the industrial products company's stock after selling 88,797 shares during the quarter. Northwest & Ethical Investments L.P. owned approximately 0.13% of Pentair worth $20,892,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Quarry LP raised its position in 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 acquiring an additional 134 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings 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 lifted its stake in Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 300 shares during the last quarter. Friedenthal Financial bought a new position in Pentair during the fourth quarter worth about $56,000. Finally, Intact Investment Management Inc. acquired a new position in Pentair during the fourth quarter worth approximately $60,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on PNR. Barclays lifted their target price on Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Robert W. Baird upped their price objective 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 restated a "sector weight" rating and set a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Citigroup lowered their price target on shares of Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Finally, Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Four research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $112.93.

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Pentair Price Performance

PNR stock traded up $2.43 during mid-day trading on Monday, hitting $89.85. The stock had a trading volume of 1,226,443 shares, compared to its average volume of 1,370,220. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $14.81 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.87 and a beta of 1.23. The firm has a fifty day simple moving average of $95.54 and a 200 day simple moving average of $98.77. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last released its 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. 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 analysts' expectations of $970.95 million. During the same period in the prior year, the company earned $0.87 earnings per share. The company's quarterly revenue was down 1.2% on a year-over-year basis. As a group, research analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

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 paid 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 1.11%. Pentair's 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.