Thrivent Financial for Lutherans Cuts Stock Position in Pentair plc (NYSE:PNR)

Thrivent Financial for Lutherans cut its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,977 shares of the industrial products company's stock after selling 97,695 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Pentair worth $12,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quarry LP boosted its holdings in Pentair by 105.5% in the 3rd 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 holdings 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 purchasing an additional 294 shares in the last quarter. Eastern Bank boosted its stake in Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after purchasing an additional 300 shares during the period. Proficio Capital Partners LLC purchased a new position in Pentair during the 4th quarter valued at about $55,000. Finally, Friedenthal Financial bought a new stake in shares of Pentair during the fourth quarter valued at about $56,000. Institutional investors own 92.37% of the company's stock.

Pentair Trading Up 1.4 %

Shares of NYSE PNR traded up $1.26 during midday trading on Tuesday, hitting $91.11. 1,556,938 shares of the company traded hands, compared to its average volume of 1,371,830. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The stock has a 50-day moving average price of $95.36 and a 200 day moving average price of $98.81. The firm 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.

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Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. The firm had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 EPS. As a group, analysts expect that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PNR. Barclays upped their target price on shares of Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. StockNews.com upgraded shares of Pentair from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th. KeyCorp reissued a "sector weight" rating and issued a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Wolfe Research began coverage on shares of Pentair in a research report on Tuesday, November 26th. They set an "outperform" rating and a $125.00 price objective on the stock. Finally, Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $112.93.

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.