Headlands Technologies LLC Sells 4,066 Shares of Pentair plc (NYSE:PNR)

Headlands Technologies LLC reduced its holdings in Pentair plc (NYSE:PNR) by 38.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,433 shares of the industrial products company’s stock after selling 4,066 shares during the quarter. Headlands Technologies LLC’s holdings in Pentair were worth $647,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Moody National Bank Trust Division bought a new stake in Pentair in the fourth quarter valued at $989,000. Geode Capital Management LLC increased its position in shares of Pentair by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock valued at $389,800,000 after buying an additional 19,853 shares during the period. Smartleaf Asset Management LLC raised its stake in Pentair by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company’s stock worth $81,000 after buying an additional 287 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Pentair in the fourth quarter worth about $289,000. Finally, Park Avenue Securities LLC boosted its position in Pentair by 22.2% during the 4th quarter. Park Avenue Securities LLC now owns 23,712 shares of the industrial products company’s stock valued at $2,386,000 after acquiring an additional 4,308 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PNR has been the subject of several research reports. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. KeyCorp reissued a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Barclays reduced their target price on shares of Pentair from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Stifel Nicolaus lowered their price target on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Citigroup cut their price objective on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Pentair has an average rating of “Moderate Buy” and a consensus price target of $112.27.

Pentair Trading Up 1.2 %

Pentair stock opened at $89.14 on Thursday. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The business’s fifty day moving average is $93.57 and its 200 day moving average is $98.73. The stock has a market capitalization of $14.69 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $970.95 million. During the same quarter last year, the firm posted $0.87 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders 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 annualized dividend and a yield of 1.12%. Pentair’s payout ratio is 26.74%.

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.