Yousif Capital Management LLC Sells 6,173 Shares of Pentair plc (NYSE:PNR)

Yousif Capital Management LLC lessened its stake in Pentair plc (NYSE:PNR) by 5.0% in the fourth quarter, HoldingsChannel reports. The fund owned 117,205 shares of the industrial products company’s stock after selling 6,173 shares during the period. Yousif Capital Management LLC’s holdings in Pentair were worth $11,796,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Richardson Financial Services Inc. boosted its stake in shares of Pentair by 16.1% during the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 127 shares during the period. Inspire Advisors LLC raised its holdings in Pentair by 1.6% during the 3rd quarter. Inspire Advisors LLC now owns 8,121 shares of the industrial products company’s stock valued at $794,000 after buying an additional 130 shares during the last quarter. Quarry LP boosted its position in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares during the period. Annex Advisory Services LLC grew its holdings in Pentair by 2.9% in the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock worth $540,000 after acquiring an additional 151 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Pentair by 5.7% in the third quarter. GAMMA Investing LLC now owns 2,923 shares of the industrial products company’s stock valued at $286,000 after acquiring an additional 158 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on PNR. KeyCorp reissued a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Pentair in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised their price target on Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Mizuho boosted their price objective on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group raised their target price on shares of Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Pentair presently has an average rating of “Moderate Buy” and an average target price of $111.25.

Pentair Stock Up 0.5 %

PNR stock opened at $98.78 on Thursday. The business has a 50 day moving average of $103.31 and a 200 day moving average of $97.11. The firm has a market cap of $16.32 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.20. Pentair plc has a twelve month low of $72.30 and a twelve month high of $110.71. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. During the same quarter in the previous year, the firm earned $0.87 EPS. Pentair’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, research analysts forecast that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.25 per share. This is a boost from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. Pentair’s dividend payout ratio is presently 25.00%.

Pentair 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.