Sei Investments Co. Sells 5,262 Shares of Pentair plc (NYSE:PNR)

Sei Investments Co. decreased its stake in Pentair plc (NYSE:PNR - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,895 shares of the industrial products company's stock after selling 5,262 shares during the quarter. Sei Investments Co.'s holdings in Pentair were worth $4,720,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PNR. Mizuho Securities USA LLC boosted its position in Pentair by 45.9% during the fourth quarter. Mizuho Securities USA LLC now owns 15,660 shares of the industrial products company's stock valued at $1,576,000 after purchasing an additional 4,928 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Pentair during the 4th quarter valued at about $300,000. Teacher Retirement System of Texas lifted its holdings in shares of Pentair by 219.0% during the 4th quarter. Teacher Retirement System of Texas now owns 604,758 shares of the industrial products company's stock valued at $60,863,000 after buying an additional 415,163 shares during the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Pentair by 6.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 88,321 shares of the industrial products company's stock valued at $8,889,000 after buying an additional 5,088 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in Pentair by 201.3% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 9,891 shares of the industrial products company's stock valued at $995,000 after acquiring an additional 6,608 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Remove Ads

Pentair Stock Performance

PNR stock traded down $1.29 during midday trading on Monday, hitting $77.47. The stock had a trading volume of 3,351,314 shares, compared to its average volume of 1,478,894. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 20.71, a P/E/G ratio of 1.87 and a beta of 1.13. 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 stock has a 50-day simple moving average of $92.13 and a 200 day simple moving average of $98.45. Pentair plc has a 52 week low of $71.89 and a 52 week high of $110.71.

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

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. Pentair's payout ratio is presently 26.74%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PNR. Barclays lowered their price objective on Pentair from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Robert W. Baird raised shares of Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price target on the stock in a research report on Tuesday, March 25th. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Finally, KeyCorp reiterated a "sector weight" rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.27.

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.