Outfitter Financial LLC Decreases Stock Holdings in Pentair plc (NYSE:PNR)

Outfitter Financial LLC lessened its stake in shares of Pentair plc (NYSE:PNR) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,390 shares of the industrial products company’s stock after selling 455 shares during the period. Pentair accounts for approximately 1.7% of Outfitter Financial LLC’s portfolio, making the stock its 21st biggest position. Outfitter Financial LLC’s holdings in Pentair were worth $2,153,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH raised its stake in Pentair by 67.4% during the fourth quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company’s stock worth $89,390,000 after purchasing an additional 357,523 shares during the period. ING Groep NV lifted its holdings in Pentair by 438.1% in the fourth quarter. ING Groep NV now owns 119,103 shares of the industrial products company’s stock valued at $11,987,000 after acquiring an additional 96,969 shares during the last quarter. Ieq Capital LLC grew its position in Pentair by 428.6% in the fourth quarter. Ieq Capital LLC now owns 61,928 shares of the industrial products company’s stock worth $6,232,000 after acquiring an additional 50,213 shares during the period. Private Advisor Group LLC grew its position in Pentair by 28.5% in the fourth quarter. Private Advisor Group LLC now owns 6,934 shares of the industrial products company’s stock worth $698,000 after acquiring an additional 1,539 shares during the period. Finally, Global Retirement Partners LLC increased its stake in Pentair by 33.0% during the fourth quarter. Global Retirement Partners LLC now owns 5,112 shares of the industrial products company’s stock worth $514,000 after acquiring an additional 1,269 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Performance

Shares of PNR opened at $95.17 on Friday. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The stock has a market capitalization of $15.73 billion, a PE ratio of 25.45, a PEG ratio of 1.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The stock has a 50-day simple moving average of $100.83 and a 200-day simple moving average of $97.91.

Pentair (NYSE:PNR) last issued its earnings results 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 earned $0.87 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Pentair’s previous quarterly dividend of $0.23. Pentair’s payout ratio is presently 26.74%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wolfe Research assumed coverage on Pentair in a research report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price objective for the company. Barclays lifted their price target on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Oppenheimer upped their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. KeyCorp reiterated a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Pentair in a research note on Thursday, November 21st. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.