Pentair plc (NYSE:PNR) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its position in Pentair plc (NYSE:PNR - Free Report) by 82.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 15,593 shares of the industrial products company's stock after selling 75,153 shares during the period. Pacer Advisors Inc.'s holdings in Pentair were worth $1,134,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Pentair by 1.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,232 shares of the industrial products company's stock worth $1,398,000 after acquiring an additional 351 shares during the period. LVW Advisors LLC bought a new stake in Pentair during the fourth quarter worth $213,000. SG Americas Securities LLC lifted its holdings in Pentair by 1.5% during the fourth quarter. SG Americas Securities LLC now owns 130,509 shares of the industrial products company's stock worth $9,489,000 after acquiring an additional 1,867 shares during the period. Contravisory Investment Management Inc. lifted its holdings in Pentair by 49.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 7,213 shares of the industrial products company's stock worth $524,000 after acquiring an additional 2,377 shares during the period. Finally, OneAscent Financial Services LLC lifted its holdings in Pentair by 22.6% during the fourth quarter. OneAscent Financial Services LLC now owns 4,823 shares of the industrial products company's stock worth $351,000 after acquiring an additional 890 shares during the period. Institutional investors and hedge funds own 92.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PNR shares. Mizuho boosted their target price on Pentair from $82.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Barclays boosted their target price on Pentair from $90.00 to $92.00 and gave the company an "overweight" rating in a research note on Tuesday. BNP Paribas started coverage on Pentair in a research note on Tuesday, March 12th. They issued a "neutral" rating and a $86.00 target price on the stock. StockNews.com lowered Pentair from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada boosted their price objective on Pentair from $78.00 to $87.00 and gave the company an "outperform" rating in a research note on Monday, March 4th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Pentair presently has a consensus rating of "Moderate Buy" and an average target price of $84.50.

Pentair Stock Down 1.4 %

Shares of Pentair stock traded down $1.17 during midday trading on Tuesday, hitting $83.24. The company had a trading volume of 1,570,466 shares, compared to its average volume of 1,658,701. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.65. The stock has a market capitalization of $13.82 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.62 and a beta of 1.20. The company has a 50 day moving average of $77.66 and a 200 day moving average of $69.94. Pentair plc has a 52-week low of $51.38 and a 52-week high of $85.81.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business had revenue of $984.60 million for the quarter, compared to the consensus estimate of $975.36 million. During the same period last year, the business posted $0.82 EPS. The company's revenue was down 1.8% compared to the same quarter last year. On average, equities analysts predict that Pentair plc will post 4.22 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.92 annualized dividend and a yield of 1.11%. Pentair's dividend payout ratio is 24.53%.

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.