Pentair plc $PNR Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its position in Pentair plc (NYSE:PNR) by 21.6% in the fourth quarter, HoldingsChannel reports. The fund owned 73,720 shares of the industrial products company’s stock after selling 20,285 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Pentair were worth $7,677,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PNR. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Pentair by 71.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 105 shares during the period. Wexford Capital LP acquired a new stake in Pentair in the 3rd quarter worth about $26,000. Park Square Financial Group LLC boosted its holdings in Pentair by 502.8% in the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock worth $44,000 after buying an additional 362 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in Pentair by 86.4% in the 3rd quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock worth $49,000 after buying an additional 204 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in Pentair in the 2nd quarter worth about $50,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Price Performance

Pentair stock opened at $73.17 on Monday. The firm has a market cap of $11.83 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. Pentair plc has a 52-week low of $69.93 and a 52-week high of $113.95. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $81.24 and its two-hundred day moving average is $94.10.

Pentair (NYSE:PNR) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.05. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 EPS. On average, research analysts expect that Pentair plc will post 5.35 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, July 24th. Pentair’s dividend payout ratio (DPR) is currently 26.47%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank Of Canada cut their price objective on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Weiss Ratings cut shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Wall Street Zen cut shares of Pentair from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Bank of America dropped their price target on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Finally, Robert W. Baird set a $110.00 price objective on shares of Pentair in a research report on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Pentair has a consensus rating of “Hold” and a consensus price target of $107.86.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.