Pentair plc (NYSE:PNR) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. cut its stake in shares of Pentair plc (NYSE:PNR) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 58,302 shares of the industrial products company’s stock after selling 1,107 shares during the period. Focus Financial Network Inc.’s holdings in Pentair were worth $5,868,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. National Bank of Canada FI increased its stake in Pentair by 862.2% during the 3rd quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock worth $43,212,000 after buying an additional 395,962 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Pentair during the third quarter worth about $26,748,000. State Street Corp increased its position in shares of Pentair by 3.1% during the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock worth $856,257,000 after acquiring an additional 259,922 shares during the last quarter. FMR LLC lifted its stake in shares of Pentair by 4.7% in the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock worth $557,860,000 after acquiring an additional 258,134 shares in the last quarter. Finally, Swedbank AB boosted its holdings in Pentair by 17.9% in the third quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company’s stock valued at $132,141,000 after purchasing an additional 205,000 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Up 0.5 %

Shares of Pentair stock opened at $98.40 on Tuesday. The stock has a market capitalization of $16.26 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.93 and a beta of 1.20. Pentair plc has a twelve month low of $72.44 and a twelve month high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $102.66 and its 200-day simple moving average is $97.50.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. The firm had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. Equities research analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were given a $0.25 dividend. The ex-dividend date was Friday, January 24th. This is an increase from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.02%. Pentair’s dividend payout ratio (DPR) is currently 26.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PNR shares. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Citigroup cut their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. KeyCorp reissued a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Barclays upped their target price on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group lifted their price target on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and an average target price of $111.25.

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.