Two Sigma Investments LP Reduces Holdings in Pentair plc (NYSE:PNR)

Two Sigma Investments LP reduced its position in shares of Pentair plc (NYSE:PNR - Free Report) by 78.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,938 shares of the industrial products company's stock after selling 128,101 shares during the period. Two Sigma Investments LP's holdings in Pentair were worth $3,617,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Parvin Asset Management LLC purchased a new stake in shares of Pentair in the fourth quarter valued at approximately $25,000. Colonial Trust Co SC grew its position in shares of Pentair by 230.8% in the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 240 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Pentair in the fourth quarter valued at approximately $55,000. Intact Investment Management Inc. purchased a new stake in shares of Pentair in the fourth quarter valued at approximately $60,000. Finally, Spire Wealth Management purchased a new stake in shares of Pentair in the fourth quarter valued at approximately $64,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on PNR shares. JPMorgan Chase & Co. upgraded Pentair from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $90.00 to $113.00 in a report on Friday, May 16th. The Goldman Sachs Group set a $95.00 price objective on Pentair and gave the company a "neutral" rating in a report on Tuesday, April 22nd. UBS Group decreased their price objective on Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Stifel Nicolaus decreased their price objective on Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $107.14.

Pentair Stock Up 1.2%

Shares of NYSE PNR traded up $1.19 during mid-day trading on Tuesday, hitting $99.70. The company had a trading volume of 817,052 shares, compared to its average volume of 1,504,596. The company has a market capitalization of $16.40 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The business's 50-day simple moving average is $90.15 and its 200 day simple moving average is $96.06.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.10. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations 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 firm earned $0.94 earnings per share. On average, analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The firm 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. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, July 18th. Pentair's dividend payout ratio (DPR) is presently 25.84%.

Insider Activity at Pentair

In related 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 transaction, the director now owns 26,313 shares of the company's stock, valued at $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.