Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.54 Million Stock Position in Pentair plc (NYSE:PNR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of Pentair plc (NYSE:PNR) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,133 shares of the industrial products company’s stock after selling 894 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Pentair were worth $3,536,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP raised its stake in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after buying an additional 134 shares during the period. SJS Investment Consulting Inc. increased its holdings in 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 purchasing an additional 294 shares in the last quarter. Eastern Bank increased its holdings in Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Pentair during the 4th quarter worth approximately $55,000. Finally, Friedenthal Financial bought a new stake in Pentair during the 4th quarter worth approximately $56,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Price Performance

Pentair stock opened at $87.44 on Monday. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $95.72 and its 200 day simple moving average is $98.74. The company has a market cap of $14.41 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.87 and a beta of 1.23.

Pentair (NYSE:PNR) last posted its 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. The firm had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. Sell-side analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The firm 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 of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. Pentair’s dividend payout ratio (DPR) is presently 26.74%.

Analyst Upgrades and Downgrades

A number of analysts have commented on PNR shares. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. KeyCorp reissued a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Robert W. Baird boosted their price objective on Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Wolfe Research assumed coverage on Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, Stifel Nicolaus reduced their target price on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a report on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.93.

About Pentair

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.