Wolverine Asset Management LLC reduced its holdings in shares of Pentair (NYSE:PNR) by 73.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,000 shares of the industrial products company’s stock after selling 19,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in Pentair were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new position in Pentair during the 3rd quarter valued at about $116,000. Icon Wealth Partners LLC purchased a new position in Pentair during the 4th quarter valued at about $134,000. SeaCrest Wealth Management LLC purchased a new position in Pentair during the 4th quarter valued at about $188,000. Alps Advisors Inc. purchased a new stake in shares of Pentair during the fourth quarter worth about $205,000. Finally, Leavell Investment Management Inc. purchased a new stake in shares of Pentair during the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.
A number of equities research analysts have recently commented on PNR shares. Cowen reiterated a “sell” rating and set a $65.00 price target on shares of Pentair in a report on Friday, January 26th. Zacks Investment Research upgraded shares of Pentair from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. BMO Capital Markets lowered their price target on shares of Pentair from $80.00 to $78.00 and set a “market perform” rating for the company in a report on Wednesday, February 14th. UBS upgraded shares of Pentair from a “sell” rating to a “neutral” rating and set a $73.00 price target for the company in a report on Monday, April 2nd. Finally, Barclays started coverage on shares of Pentair in a report on Thursday, February 15th. They set an “underweight” rating and a $66.00 price target for the company. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $71.69.
Pentair stock opened at $68.08 on Friday. Pentair has a 1 year low of $59.13 and a 1 year high of $74.84. The company has a market capitalization of $12,722.21, a P/E ratio of 19.29, a P/E/G ratio of 1.59 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 1.46 and a debt-to-equity ratio of 0.29.
Pentair (NYSE:PNR) last released its earnings results on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. Pentair had a net margin of 13.50% and a return on equity of 13.41%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. Pentair’s revenue was up 6.1% compared to the same quarter last year. research analysts predict that Pentair will post 4.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be issued a $0.35 dividend. The ex-dividend date is Thursday, April 12th. This represents a $1.40 dividend on an annualized basis and a yield of 2.06%. Pentair’s payout ratio is 39.66%.
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Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. The company operates through two segments, Water and Electrical. The Water segment designs, manufactures, and services products and solutions to meet filtration, separation, flow, and water management challenges in agriculture, aquaculture, foodservice, food and beverage processing, swimming pools, water supply and disposal, and various industrial applications.
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