Thematics Asset Management Reduces Holdings in Pentair plc (NYSE:PNR)

Thematics Asset Management reduced its position in Pentair plc (NYSE:PNR - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,237 shares of the industrial products company's stock after selling 38,000 shares during the quarter. Thematics Asset Management owned approximately 0.09% of Pentair worth $14,717,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Moody National Bank Trust Division purchased a new stake in Pentair during the 4th quarter worth about $989,000. Smartleaf Asset Management LLC raised its holdings in Pentair by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company's stock valued at $81,000 after acquiring an additional 287 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new position in Pentair in the fourth quarter worth approximately $289,000. Norges Bank acquired a new position in Pentair during the 4th quarter worth approximately $36,568,000. Finally, Park Avenue Securities LLC increased its position in shares of Pentair by 22.2% in the 4th quarter. Park Avenue Securities LLC now owns 23,712 shares of the industrial products company's stock valued at $2,386,000 after purchasing an additional 4,308 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Price Performance

Shares of Pentair stock traded up $2.55 during trading on Thursday, reaching $90.30. The company's stock had a trading volume of 1,673,492 shares, compared to its average volume of 1,509,378. The business has a 50 day moving average price of $87.03 and a 200-day moving average price of $96.98. The company has a market capitalization of $14.90 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $988.38 million. During the same period in the prior year, the company posted $0.94 EPS. As a group, sell-side analysts anticipate that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, April 17th. Pentair's dividend payout ratio is currently 26.74%.

Analysts Set New Price Targets

A number of equities analysts recently commented on PNR shares. StockNews.com downgraded shares of Pentair from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. UBS Group dropped their price objective on Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday. Baird R W upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Stifel Nicolaus cut their price objective on shares of Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, KeyCorp reaffirmed a "sector weight" rating and issued a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Pentair has a consensus rating of "Moderate Buy" and a consensus price target of $107.64.

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.