Lifeworks Advisors LLC Has $2.63 Million Holdings in Pentair plc (NYSE:PNR)

Lifeworks Advisors LLC grew its stake in Pentair plc (NYSE:PNR - Free Report) by 14.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,087 shares of the industrial products company's stock after purchasing an additional 3,688 shares during the period. Lifeworks Advisors LLC's holdings in Pentair were worth $2,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings in shares of Pentair by 229.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 786,362 shares of the industrial products company's stock valued at $68,791,000 after purchasing an additional 547,419 shares in the last quarter. Northern Trust Corp raised its holdings in Pentair by 27.9% during the fourth quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company's stock worth $197,482,000 after purchasing an additional 428,184 shares in the last quarter. FMR LLC grew its position in shares of Pentair by 7.0% in the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock valued at $614,030,000 after buying an additional 396,581 shares during the last quarter. Norges Bank acquired a new stake in Pentair during the 4th quarter worth $36,568,000. Finally, Bessemer Group Inc. lifted its position in Pentair by 37.0% in the fourth quarter. Bessemer Group Inc. now owns 1,283,164 shares of the industrial products company's stock valued at $129,137,000 after acquiring an additional 346,843 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Stock Performance

Shares of Pentair stock traded down $0.16 during trading hours on Monday, reaching $102.92. The company's stock had a trading volume of 430,137 shares, compared to its average volume of 1,553,193. The stock has a market cap of $16.87 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. The company's 50 day simple moving average is $101.60 and its 200 day simple moving average is $95.43. Pentair plc has a one year low of $74.25 and a one year high of $110.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.45.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. Pentair had a return on equity of 21.62% and a net margin of 14.86%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm posted $1.22 earnings per share. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, July 18th. Pentair's dividend payout ratio is presently 27.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group set a $95.00 price objective on Pentair and gave the company a "neutral" rating in a research note on Tuesday, April 22nd. Oppenheimer upped their price target on Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating and issued a $125.00 target price (up previously from $99.00) on shares of Pentair in a report on Monday, July 14th. Mizuho boosted their target price on Pentair from $118.00 to $122.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Robert W. Baird lifted their price target on Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Three equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $115.46.

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.