Moore Capital Management LP Trims Position in Pentair plc (NYSE:PNR)

Moore Capital Management LP reduced its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 70.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,954 shares of the industrial products company's stock after selling 35,293 shares during the period. Moore Capital Management LP's holdings in Pentair were worth $1,505,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Lighthouse Investment Partners LLC lifted its position in Pentair by 46.4% during the 4th quarter. Lighthouse Investment Partners LLC now owns 222,600 shares of the industrial products company's stock valued at $22,402,000 after acquiring an additional 70,600 shares during the period. Janus Henderson Group PLC lifted its position in Pentair by 3.0% during the 4th quarter. Janus Henderson Group PLC now owns 23,683 shares of the industrial products company's stock valued at $2,383,000 after acquiring an additional 679 shares during the period. Jefferies Financial Group Inc. purchased a new position in Pentair during the 4th quarter valued at about $295,000. Hudson Bay Capital Management LP raised its holdings in Pentair by 9.3% in the fourth quarter. Hudson Bay Capital Management LP now owns 106,134 shares of the industrial products company's stock worth $10,681,000 after buying an additional 9,009 shares during the last quarter. Finally, Gotham Asset Management LLC raised its holdings in Pentair by 28.5% in the fourth quarter. Gotham Asset Management LLC now owns 201,384 shares of the industrial products company's stock worth $20,267,000 after buying an additional 44,641 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the sale, the director now owns 26,313 shares of the company's stock, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.45% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on PNR. 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 report on Wednesday, April 23rd. The Goldman Sachs Group set a $95.00 target price on shares of Pentair and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. Mizuho set a $100.00 target price on shares of Pentair in a report on Tuesday, April 22nd. Barclays lifted their target price on shares of Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Finally, Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $107.14.

Pentair Price Performance

Shares of NYSE:PNR traded up $3.31 during midday trading on Friday, reaching $101.12. 1,558,868 shares of the company were exchanged, compared to its average volume of 1,503,517. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The business's fifty day moving average is $87.27 and its two-hundred day moving average is $96.44. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The stock has a market cap of $16.64 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, topping 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 net margin of 15.32% and a return on equity of 20.94%. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, July 18th. Pentair's payout ratio is 25.84%.

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.