Pentair plc (NYSE:PNR) Shares Sold by Woodline Partners LP

Woodline Partners LP trimmed its position in shares of Pentair plc (NYSE:PNR - Free Report) by 49.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 253,455 shares of the industrial products company's stock after selling 251,719 shares during the quarter. Woodline Partners LP owned approximately 0.15% of Pentair worth $25,508,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PNR. Independent Advisor Alliance boosted its stake in shares of Pentair by 1.4% during the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock worth $768,000 after purchasing an additional 103 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Pentair by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock valued at $120,000 after purchasing an additional 118 shares during the period. Richardson Financial Services Inc. lifted its position in Pentair by 16.1% during the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock worth $92,000 after buying an additional 127 shares during the period. Annex Advisory Services LLC grew its holdings in Pentair by 2.9% in the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company's stock valued at $540,000 after buying an additional 151 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Pentair by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company's stock worth $1,251,000 after acquiring an additional 161 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of Pentair stock in a transaction that occurred 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 transaction, the director now directly owns 26,313 shares in the company, valued at $2,366,591.22. The trade was a 19.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company's stock.

Pentair Stock Down 0.9%

Shares of PNR stock traded down $0.86 during mid-day trading on Monday, reaching $96.79. 1,252,440 shares of the company were exchanged, compared to its average volume of 1,515,297. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The company has a market capitalization of $15.92 billion, a P/E ratio of 25.88, a P/E/G ratio of 1.87 and a beta of 1.11. The business's 50 day simple moving average is $88.81 and its 200 day simple moving average is $96.31.

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 for the quarter, topping the consensus estimate of $1.01 by $0.10. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same period last year, the business earned $0.94 EPS. Research analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a $0.25 dividend. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. Pentair's payout ratio is 25.84%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Pentair from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group set a $95.00 price target on shares of Pentair and gave the company a "neutral" rating in a research report on Tuesday, April 22nd. Stifel Nicolaus decreased 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. Mizuho set a $100.00 price objective on Pentair in a research report on Tuesday, April 22nd. Finally, Baird R W upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Pentair presently has a consensus rating of "Buy" and an average target price of $107.14.

About Pentair

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.