BB&T Securities LLC lessened its position in shares of Pentair PLC (NYSE:PNR) by 24.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,029 shares of the industrial products company’s stock after selling 23,819 shares during the quarter. BB&T Securities LLC’s holdings in Pentair were worth $2,721,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mercer Capital Advisers Inc. grew its position in shares of Pentair by 52.0% in the fourth 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 during the period. ETF Managers Group LLC grew its position in shares of Pentair by 19.6% in the fourth 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 during the period. Capital Advisors Ltd. LLC acquired a new stake in shares of Pentair in the third quarter valued at about $142,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Pentair in the third quarter valued at about $168,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Pentair in the third quarter valued at about $204,000. Institutional investors own 85.63% of the company’s stock.
Several analysts have recently issued reports on PNR shares. Zacks Investment Research upgraded shares of Pentair from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Thursday, December 20th. Stifel Nicolaus upgraded shares of Pentair from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $51.09.
In related news, COO Karl R. Frykman sold 10,241 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $41.28, for a total transaction of $422,748.48. Following the transaction, the chief operating officer now directly owns 60,877 shares in the company, valued at $2,513,002.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ademir Sarcevic sold 1,287 shares of the business’s stock in a transaction dated Thursday, January 3rd. The stock was sold at an average price of $37.61, for a total transaction of $48,404.07. The disclosure for this sale can be found here. Insiders own 10.70% of the company’s stock.
PNR opened at $42.23 on Thursday. The stock has a market cap of $7.26 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.55 and a beta of 1.27. Pentair PLC has a twelve month low of $35.30 and a twelve month high of $73.07. The company has a current ratio of 1.27, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.
Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, January 29th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $740.50 million for the quarter, compared to analyst estimates of $735.74 million. Pentair had a net margin of 9.92% and a return on equity of 18.86%. Pentair’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. Equities analysts predict that Pentair PLC will post 2.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Friday, January 25th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, January 24th. This is a positive change from Pentair’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a yield of 1.70%. Pentair’s payout ratio is presently 30.64%.
Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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