Pentair plc (NYSE:PNR) Stock Holdings Lessened by Machina Capital S.A.S.

Machina Capital S.A.S. lowered its position in shares of Pentair plc (NYSE:PNR) by 44.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,132 shares of the industrial products company’s stock after selling 4,034 shares during the quarter. Machina Capital S.A.S.’s holdings in Pentair were worth $373,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in Pentair by 4.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 34,622 shares of the industrial products company’s stock worth $2,242,000 after purchasing an additional 1,479 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Pentair by 6.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,064 shares of the industrial products company’s stock valued at $781,000 after buying an additional 713 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Pentair by 7.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 86,215 shares of the industrial products company’s stock valued at $5,582,000 after buying an additional 6,215 shares during the period. Xponance Inc. lifted its stake in Pentair by 1.3% in the 3rd quarter. Xponance Inc. now owns 22,911 shares of the industrial products company’s stock worth $1,483,000 after acquiring an additional 301 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in Pentair by 7.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,021 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 330 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Ratings Changes

PNR has been the subject of several research reports. Citigroup raised their price target on shares of Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, April 8th. UBS Group raised their target price on shares of Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Stifel Nicolaus raised their price target on shares of Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Oppenheimer raised their price objective on shares of Pentair from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $91.00 price objective on shares of Pentair in a report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.93.

Pentair Price Performance

Shares of NYSE:PNR traded up $2.29 during trading on Monday, hitting $81.90. 1,086,629 shares of the company were exchanged, compared to its average volume of 1,631,823. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.63. Pentair plc has a 1-year low of $55.26 and a 1-year high of $85.81. The company has a market capitalization of $13.60 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24. The business’s 50 day moving average is $80.87 and its 200-day moving average is $72.66.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $0.91 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. Equities analysts forecast that Pentair plc will post 4.24 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Friday, April 19th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, April 18th. Pentair’s dividend payout ratio (DPR) is presently 24.47%.

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.