Pentair plc (NYSE:PNR) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 8.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 290,643 shares of the industrial products company's stock after selling 28,463 shares during the quarter. Rhumbline Advisers owned about 0.18% of Pentair worth $29,250,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PNR. Quarry LP increased its holdings in shares of 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 acquiring an additional 134 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of 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 last quarter. Eastern Bank increased its holdings in shares of 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 last quarter. Blue Trust Inc. increased its holdings in shares of Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company's stock worth $51,000 after acquiring an additional 327 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Pentair during the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Price Performance

PNR stock traded down $2.98 during mid-day trading on Friday, hitting $92.28. 496,249 shares of the stock were exchanged, compared to its average volume of 1,316,059. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The business has a fifty day moving average price of $100.83 and a 200 day moving average price of $97.91. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 1.88 and a beta of 1.20.

Pentair (NYSE:PNR - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. On average, sell-side analysts anticipate that Pentair plc will post 4.77 EPS for the current year.

Pentair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were given a dividend of $0.25 per share. This is a positive change from Pentair's previous quarterly dividend of $0.23. The ex-dividend date was Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. Pentair's dividend payout ratio (DPR) is presently 26.74%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and set a $115.00 target price on shares of Pentair in a report on Thursday, November 21st. Stifel Nicolaus cut their target price on Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Wolfe Research assumed coverage on Pentair in a research report on Tuesday, November 26th. They set an "outperform" rating and a $125.00 target price for the company. Finally, Robert W. Baird upped their target price on Pentair from $106.00 to $114.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $111.25.

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.