Outfitter Financial LLC Sells 455 Shares of Pentair plc (NYSE:PNR)

Outfitter Financial LLC trimmed its position in Pentair plc (NYSE:PNR) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,390 shares of the industrial products company’s stock after selling 455 shares during the quarter. Pentair comprises about 1.7% of Outfitter Financial LLC’s investment portfolio, making the stock its 21st biggest position. Outfitter Financial LLC’s holdings in Pentair were worth $2,153,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PNR. National Bank of Canada FI increased its holdings 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. Allianz Asset Management GmbH increased its stake in Pentair by 67.4% during the fourth quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company’s stock worth $89,390,000 after acquiring an additional 357,523 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Pentair during the third quarter valued at approximately $26,748,000. State Street Corp raised its position in Pentair by 3.1% during the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock valued at $856,257,000 after purchasing an additional 259,922 shares during the period. Finally, FMR LLC lifted its stake in shares of Pentair by 4.7% in the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after purchasing an additional 258,134 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Price Performance

Shares of PNR stock opened at $95.17 on Friday. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 1.88 and a beta of 1.20. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The stock has a fifty day simple moving average of $100.83 and a two-hundred day simple moving average of $97.91.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $970.95 million. During the same quarter in the previous year, the firm earned $0.87 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $0.25 dividend. This is an increase from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. Pentair’s dividend payout ratio is presently 26.74%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PNR shares. Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. KeyCorp reissued a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Stifel Nicolaus dropped their price target on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Robert W. Baird upped their price target on shares of Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Finally, Citigroup decreased their price objective on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.