Great West Life Assurance Co. Can cut its holdings in shares of Pentair PLC (NYSE:PNR) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 135,533 shares of the industrial products company’s stock after selling 4,167 shares during the quarter. Great West Life Assurance Co. Can owned 0.08% of Pentair worth $4,888,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Citizens Bank & Trust Co. acquired a new stake in Pentair during the 4th quarter worth about $682,000. CIBC World Markets Inc. acquired a new stake in Pentair during the 3rd quarter worth about $280,000. LS Investment Advisors LLC boosted its position in Pentair by 6.4% during the 4th quarter. LS Investment Advisors LLC now owns 72,147 shares of the industrial products company’s stock worth $2,726,000 after acquiring an additional 4,335 shares during the period. Boston Advisors LLC boosted its position in Pentair by 2.3% during the 4th quarter. Boston Advisors LLC now owns 55,043 shares of the industrial products company’s stock worth $2,080,000 after acquiring an additional 1,241 shares during the period. Finally, Riverhead Capital Management LLC boosted its position in Pentair by 503.2% during the 3rd quarter. Riverhead Capital Management LLC now owns 69,287 shares of the industrial products company’s stock worth $3,003,000 after acquiring an additional 57,800 shares during the period. Hedge funds and other institutional investors own 83.78% of the company’s stock.
PNR opened at $42.62 on Friday. Pentair PLC has a fifty-two week low of $35.30 and a fifty-two week high of $73.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.27 and a quick ratio of 0.80. The stock has a market cap of $7.30 billion, a PE ratio of 18.14, a PEG ratio of 1.61 and a beta of 1.25.
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 the Zacks’ consensus estimate of $0.59 by $0.01. Pentair had a return on equity of 18.86% and a net margin of 9.92%. The company had revenue of $740.50 million during the quarter, compared to the consensus estimate of $735.74 million. During the same period last year, the business earned $0.93 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts forecast that Pentair PLC will post 2.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Wednesday, April 17th. Pentair’s dividend payout ratio (DPR) is presently 30.64%.
In related news, COO Karl R. Frykman sold 10,241 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $41.28, for a total value of $422,748.48. Following the transaction, the chief operating officer now directly owns 60,877 shares of the company’s stock, valued at approximately $2,513,002.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ademir Sarcevic sold 1,287 shares of the firm’s stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $37.61, for a total value of $48,404.07. The disclosure for this sale can be found here. Insiders have sold a total of 11,794 shares of company stock valued at $482,559 over the last ninety days. Company insiders own 10.70% of the company’s stock.
PNR has been the subject of a number of recent research reports. Zacks Investment Research raised Pentair from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Thursday, December 20th. ValuEngine downgraded Pentair from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, nine 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 a consensus price target of $48.40.
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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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