Mcdonald Partners LLC Cuts Holdings in Pentair plc (NYSE:PNR)

Mcdonald Partners LLC lowered its stake in shares of Pentair plc (NYSE:PNR) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,187 shares of the industrial products company’s stock after selling 329 shares during the period. Pentair accounts for about 1.3% of Mcdonald Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Mcdonald Partners LLC’s holdings in Pentair were worth $5,051,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI grew its position in shares of Pentair by 862.2% in the 3rd quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock worth $43,212,000 after buying an additional 395,962 shares during the last quarter. World Investment Advisors LLC purchased a new position in Pentair in the third quarter worth $26,748,000. State Street Corp grew its holdings in Pentair by 3.1% in the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock worth $856,257,000 after purchasing an additional 259,922 shares during the last quarter. FMR LLC increased its position in shares of Pentair by 4.7% during the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock worth $557,860,000 after purchasing an additional 258,134 shares in the last quarter. Finally, Swedbank AB lifted its holdings in shares of Pentair by 17.9% during the 3rd quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company’s stock valued at $132,141,000 after purchasing an additional 205,000 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Down 0.5 %

Shares of PNR opened at $96.71 on Tuesday. The company has a market capitalization of $15.98 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 1.93 and a beta of 1.20. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The stock’s 50-day moving average price is $101.58 and its 200-day moving average price is $97.85. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR) last posted 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 during the quarter, compared to analyst estimates of $970.95 million. During the same period in the previous year, the firm earned $0.87 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a dividend of $0.25 per share. This is a positive change from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, January 24th. Pentair’s dividend payout ratio is presently 26.74%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PNR. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Wolfe Research initiated coverage on shares of Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price objective for the company. UBS Group lifted their target price on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays upped their price target on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, Robert W. Baird lifted their price objective on shares of Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.25.

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.