Pentair plc (NYSE:PNR) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC trimmed its holdings in shares of Pentair plc (NYSE:PNR) by 4.5% during the fourth quarter, Holdings Channel reports. The firm owned 42,442 shares of the industrial products company’s stock after selling 1,977 shares during the quarter. Kintegral Advisory LLC’s holdings in Pentair were worth $4,271,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. National Bank of Canada FI raised its position in shares of Pentair by 862.2% during 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 purchasing an additional 395,962 shares during the period. Allianz Asset Management GmbH increased its position in Pentair by 67.4% in the fourth quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company’s stock worth $89,390,000 after buying an additional 357,523 shares during the period. World Investment Advisors LLC bought a new stake in Pentair in the third quarter valued at $26,748,000. State Street Corp lifted its stake 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 valued at $856,257,000 after buying an additional 259,922 shares during the last quarter. Finally, FMR LLC boosted its holdings 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 valued at $557,860,000 after acquiring an additional 258,134 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Pentair Price Performance

Shares of NYSE PNR opened at $92.89 on Friday. The firm has a 50-day moving average of $100.54 and a two-hundred day moving average of $97.99. The company has a market capitalization of $15.35 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 1.87 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.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $972.90 million during the quarter, compared to analysts’ expectations of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. As a group, analysts expect that Pentair plc will post 4.77 earnings per share 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. Pentair’s payout ratio is 26.74%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PNR shares. Wolfe Research initiated coverage on shares of Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price objective on the stock. KeyCorp reaffirmed a “sector weight” rating and set a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Stifel Nicolaus lowered their target price on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Barclays boosted their price target on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Six 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. According to MarketBeat, the stock currently has an average 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.