Two Sigma Advisers LP Cuts Stock Position in Pentair plc (NYSE:PNR)

Two Sigma Advisers LP trimmed its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 31.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 149,700 shares of the industrial products company's stock after selling 67,100 shares during the period. Two Sigma Advisers LP owned approximately 0.09% of Pentair worth $15,066,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PNR. Tidal Investments LLC raised its holdings in Pentair by 52.2% in the 4th quarter. Tidal Investments LLC now owns 21,956 shares of the industrial products company's stock worth $2,210,000 after acquiring an additional 7,526 shares during the last quarter. Teza Capital Management LLC raised its holdings in Pentair by 2,466.1% in the 4th quarter. Teza Capital Management LLC now owns 93,098 shares of the industrial products company's stock worth $9,369,000 after acquiring an additional 89,470 shares during the last quarter. Siemens Fonds Invest GmbH raised its holdings in Pentair by 10.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 6,805 shares of the industrial products company's stock worth $685,000 after acquiring an additional 649 shares during the last quarter. Sherbrooke Park Advisers LLC raised its holdings in Pentair by 22.4% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 6,430 shares of the industrial products company's stock worth $647,000 after acquiring an additional 1,175 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Pentair by 29.7% in the 4th quarter. Royal Bank of Canada now owns 545,750 shares of the industrial products company's stock worth $54,926,000 after acquiring an additional 124,810 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the 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 completion of the sale, the director now owns 26,313 shares in the company, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Pentair Stock Performance

Shares of NYSE:PNR traded up $2.54 during midday trading on Tuesday, hitting $99.33. The company had a trading volume of 281,389 shares, compared to its average volume of 1,558,469. 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 company has a market cap of $16.34 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.87 and a beta of 1.11. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a fifty day moving average of $88.96 and a two-hundred day moving average of $96.26.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping the consensus estimate 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 in the prior year, the business posted $0.94 EPS. On average, equities research analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be paid a $0.25 dividend. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. Pentair's dividend payout ratio (DPR) is 25.84%.

Analysts Set New Price Targets

PNR has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price objective on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Mizuho set a $100.00 price objective on shares of Pentair in a report on Tuesday, April 22nd. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Citigroup decreased their price objective on shares of Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, UBS Group decreased their target price on shares of Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $107.14.

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.