Focus Financial Network Inc. Lowers Stock Holdings in Pentair plc (NYSE:PNR)

Focus Financial Network Inc. cut its stake in shares of Pentair plc (NYSE:PNR) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,302 shares of the industrial products company’s stock after selling 1,107 shares during the period. Focus Financial Network Inc.’s holdings in Pentair were worth $5,868,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Savant Capital LLC raised its stake in shares of Pentair by 1.7% during the fourth quarter. Savant Capital LLC now owns 19,773 shares of the industrial products company’s stock worth $1,990,000 after purchasing an additional 324 shares during the last quarter. Kingsview Wealth Management LLC grew its position in Pentair by 100.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 5,072 shares of the industrial products company’s stock valued at $510,000 after buying an additional 2,544 shares during the last quarter. Global X Japan Co. Ltd. increased its stake in Pentair by 4.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 5,234 shares of the industrial products company’s stock valued at $527,000 after buying an additional 199 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Pentair by 2.0% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,365 shares of the industrial products company’s stock worth $1,949,000 after buying an additional 380 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Pentair by 22.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,090 shares of the industrial products company’s stock worth $2,737,000 after acquiring an additional 5,051 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Price Performance

Shares of NYSE:PNR opened at $98.40 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.91 and a current ratio of 1.60. Pentair plc has a one year low of $72.44 and a one year high of $110.71. The business’s fifty day moving average price is $102.66 and its two-hundred day moving average price is $97.50. The stock has a market cap of $16.26 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

Pentair (NYSE:PNR) last issued its quarterly 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. The company had revenue of $972.90 million during 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%. Pentair’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. On average, analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were paid a dividend of $0.25 per share. This is an increase from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, January 24th. Pentair’s payout ratio is currently 26.74%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PNR shares. TD Cowen boosted their price target on shares of Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird boosted their target price on Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. UBS Group lifted their price target on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus cut their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and a consensus price target 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.