Pentair plc (NYSE:PNR) Shares Sold by Investors Research Corp

Investors Research Corp lowered its stake in shares of Pentair plc (NYSE:PNR) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 500 shares of the industrial products company’s stock after selling 500 shares during the quarter. Investors Research Corp’s holdings in Pentair were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Quarry LP increased its position in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 134 shares during the period. SJS Investment Consulting Inc. increased its position in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 294 shares during the period. Eastern Bank increased its position in shares of Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 300 shares during the period. Friedenthal Financial purchased a new stake in shares of Pentair during the fourth quarter worth $56,000. Finally, Spire Wealth Management purchased a new stake in shares of Pentair during the fourth quarter worth $64,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Price Performance

Shares of PNR opened at $85.12 on Tuesday. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The company has a market capitalization of $14.03 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The firm has a 50-day simple moving average of $98.33 and a 200-day simple moving average of $98.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60.

Pentair (NYSE:PNR) last announced 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. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. Pentair’s payout ratio is currently 26.74%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Oppenheimer upped their price objective on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Stifel Nicolaus dropped their target price on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Robert W. Baird increased their target price on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 target price on shares of Pentair in a report on Thursday, November 21st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Pentair has an average rating of “Moderate Buy” and an average price target of $111.25.

Pentair Company 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.