Amalgamated Bank Decreases Position in Pentair plc (NYSE:PNR)

Amalgamated Bank lessened its stake in Pentair plc (NYSE:PNR) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,811 shares of the industrial products company’s stock after selling 775 shares during the quarter. Amalgamated Bank’s holdings in Pentair were worth $3,302,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quarry LP raised its stake in shares of Pentair by 105.5% in the third 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. SJS Investment Consulting Inc. grew its stake in shares of Pentair by 753.8% during the 4th 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 holdings in Pentair by 144.9% in the 4th 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 last quarter. Friedenthal Financial bought a new stake in Pentair in the 4th quarter valued at about $56,000. Finally, True Wealth Design LLC lifted its holdings in Pentair by 4,450.0% during the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 623 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PNR shares. KeyCorp reiterated a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Oppenheimer boosted their target price on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus cut their price target on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a report on Friday, January 24th. Citigroup reduced their price target on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Barclays increased their price objective on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.25.

Pentair Trading Up 1.4 %

Shares of PNR opened at $94.29 on Friday. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a market capitalization of $15.54 billion, a P/E ratio of 25.21, a P/E/G ratio of 1.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The firm’s 50 day simple moving average is $99.52 and its 200 day simple moving average is $98.44.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating 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 firm had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. During the same quarter last year, the company posted $0.87 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. Sell-side analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, April 17th. Pentair’s payout ratio is currently 26.74%.

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.