Strs Ohio Sells 1,670 Shares of Pentair plc (NYSE:PNR)

Strs Ohio trimmed its stake in shares of Pentair plc (NYSE:PNR) by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 29,490 shares of the industrial products company’s stock after selling 1,670 shares during the quarter. Strs Ohio’s holdings in Pentair were worth $2,144,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PNR. Raymond James Financial Services Advisors Inc. grew its stake in Pentair by 10.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,329 shares of the industrial products company’s stock worth $885,000 after buying an additional 1,554 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Pentair by 54.2% during the 1st quarter. HighTower Advisors LLC now owns 16,188 shares of the industrial products company’s stock worth $879,000 after acquiring an additional 5,692 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Pentair by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,141 shares of the industrial products company’s stock valued at $1,200,000 after acquiring an additional 1,371 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Pentair by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 126,084 shares of the industrial products company’s stock valued at $7,146,000 after purchasing an additional 322 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Pentair by 17.3% during the first quarter. Allianz Asset Management GmbH now owns 14,212 shares of the industrial products company’s stock worth $770,000 after purchasing an additional 2,098 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Trading Up 0.1 %

Shares of PNR stock opened at $78.53 on Friday. Pentair plc has a 1-year low of $51.38 and a 1-year high of $85.81. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.50 and a beta of 1.20. The stock has a 50-day moving average of $80.02 and a 200-day moving average of $71.45.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The business had revenue of $984.60 million during the quarter, compared to the consensus estimate of $975.36 million. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, equities research analysts forecast that Pentair plc will post 4.2 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 annualized dividend and a yield of 1.17%. Pentair’s payout ratio is 24.53%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PNR shares. Royal Bank of Canada upped their price objective on Pentair from $78.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. KeyCorp raised their price target on shares of Pentair from $82.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. UBS Group upped their price objective on shares of Pentair from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Barclays raised their target price on shares of Pentair from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Oppenheimer reiterated an “outperform” rating and set a $88.00 price target (up from $82.00) on shares of Pentair in a report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.33.

About Pentair

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.