Dupont Capital Management Corp decreased its stake in shares of Pentair PLC (NYSE:PNR) by 18.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,761 shares of the industrial products company’s stock after selling 3,452 shares during the period. Dupont Capital Management Corp’s holdings in Pentair were worth $702,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of PNR. Horan Capital Advisors LLC. acquired a new stake in shares of Pentair in the first quarter worth $31,000. CSat Investment Advisory L.P. grew its holdings in Pentair by 47.8% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,017 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 329 shares in the last quarter. Enlightenment Research LLC acquired a new stake in Pentair during the 4th quarter valued at $42,000. Mercer Capital Advisers Inc. grew its holdings in Pentair by 52.0% during the 4th quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 650 shares in the last quarter. Finally, ETF Managers Group LLC grew its holdings in Pentair by 19.6% during the 4th quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 325 shares in the last quarter. 86.55% of the stock is owned by hedge funds and other institutional investors.
NYSE PNR opened at $37.71 on Friday. Pentair PLC has a 12 month low of $35.30 and a 12 month high of $46.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.18 and a current ratio of 1.77. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 2.89 and a beta of 1.17.
Pentair (NYSE:PNR) last posted its quarterly earnings data on Wednesday, April 17th. The industrial products company reported $0.43 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.43. Pentair had a net margin of 10.13% and a return on equity of 21.45%. The firm had revenue of $689.90 million for the quarter, compared to the consensus estimate of $795.82 million. During the same period in the prior year, the firm posted $0.49 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, research analysts expect that Pentair PLC will post 2.31 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, July 18th. This represents a $0.72 dividend on an annualized basis and a yield of 1.91%. Pentair’s dividend payout ratio (DPR) is 30.64%.
In other Pentair news, SVP Ademir Sarcevic sold 2,435 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $45.00, for a total transaction of $109,575.00. Following the transaction, the senior vice president now directly owns 2,763 shares in the company, valued at approximately $124,335. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.80% of the company’s stock.
A number of equities research analysts recently weighed in on PNR shares. Oppenheimer reaffirmed a “hold” rating on shares of Pentair in a report on Tuesday, January 29th. ValuEngine lowered shares of Pentair from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Pentair from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Tuesday, February 5th. BMO Capital Markets lowered their price target on shares of Pentair from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, April 10th. Finally, Cowen reaffirmed an “outperform” rating and set a $45.00 price target (down from $52.00) on shares of Pentair in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $45.10.
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
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