Sienna Gestion Sells 12,669 Shares of Pentair plc (NYSE:PNR)

Sienna Gestion decreased its stake in Pentair plc (NYSE:PNR - Free Report) by 9.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 114,896 shares of the industrial products company's stock after selling 12,669 shares during the quarter. Pentair accounts for about 0.8% of Sienna Gestion's investment portfolio, making the stock its 28th largest holding. Sienna Gestion owned 0.07% of Pentair worth $11,561,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PNR. Quarry LP boosted its position in shares of Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. boosted its position in Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after acquiring an additional 294 shares during the period. Eastern Bank boosted its position in Pentair by 144.9% during the 4th 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. Proficio Capital Partners LLC acquired a new stake in Pentair during the 4th quarter worth about $55,000. Finally, Friedenthal Financial acquired a new stake in Pentair during the 4th quarter worth about $56,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Stock Performance

Shares of PNR stock traded up $0.18 during trading on Tuesday, reaching $87.35. The company had a trading volume of 1,678,543 shares, compared to its average volume of 1,371,887. The firm's 50 day simple moving average is $96.56 and its two-hundred day simple moving average is $98.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The company has a market capitalization of $14.40 billion, a PE ratio of 23.36, a PEG ratio of 1.87 and a beta of 1.23.

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Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business 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 business earned $0.87 EPS. The firm's revenue was down 1.2% compared to the same quarter last year. Sell-side analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's dividend payout ratio is currently 26.74%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Barclays raised their price objective on Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. KeyCorp restated a "sector weight" rating and set a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Robert W. Baird lifted their price target on Pentair from $106.00 to $114.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Finally, Citigroup reduced their price target on Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $112.93.

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.