Pentair plc (NYSE:PNR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of Pentair plc (NYSE:PNR - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,926 shares of the industrial products company's stock after selling 14,279 shares during the quarter. Yousif Capital Management LLC owned 0.06% of Pentair worth $9,004,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PNR. Stratos Wealth Partners LTD. purchased a new stake in shares of Pentair during the 4th quarter worth about $289,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Pentair by 2.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,365 shares of the industrial products company's stock worth $1,949,000 after purchasing an additional 380 shares during the last quarter. Kingsview Wealth Management LLC raised its position in shares of Pentair by 100.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 5,072 shares of the industrial products company's stock worth $510,000 after purchasing an additional 2,544 shares during the last quarter. Savant Capital LLC raised its position in shares of Pentair by 1.7% during the 4th quarter. Savant Capital LLC now owns 19,773 shares of the industrial products company's stock worth $1,990,000 after purchasing an additional 324 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Pentair by 0.6% during the 4th quarter. Van ECK Associates Corp now owns 27,893 shares of the industrial products company's stock worth $2,807,000 after purchasing an additional 167 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Stock Down 2.4%

NYSE:PNR traded down $2.38 during midday trading on Friday, reaching $96.53. The company had a trading volume of 761,210 shares, compared to its average volume of 1,493,813. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 1.87 and a beta of 1.10. The stock's fifty day simple moving average is $92.72 and its 200-day simple moving average is $95.73. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

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

Pentair Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. Pentair's dividend payout ratio (DPR) is presently 25.84%.

Insider Buying and Selling at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the firm's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the sale, the director now directly owns 26,313 shares in the company, valued at $2,366,591.22. This trade represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PNR shares. Robert W. Baird reduced their price target on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Mizuho set a $100.00 price target on shares of Pentair in a research report on Tuesday, April 22nd. Stifel Nicolaus reduced their price target on shares of Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. upgraded shares of Pentair from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $90.00 to $113.00 in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $107.14.

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.