Lifeworks Advisors LLC Buys 6,923 Shares of Pentair plc (NYSE:PNR)

Lifeworks Advisors LLC lifted its stake in shares of Pentair plc (NYSE:PNR) by 35.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,399 shares of the industrial products company’s stock after acquiring an additional 6,923 shares during the quarter. Lifeworks Advisors LLC’s holdings in Pentair were worth $2,657,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PNR. State Street Corp boosted 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 worth $856,257,000 after purchasing an additional 259,922 shares during the period. FMR LLC lifted its stake in shares of Pentair by 4.7% in the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock worth $557,860,000 after buying an additional 258,134 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Pentair by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock worth $389,800,000 after buying an additional 19,853 shares during the period. Swedbank AB boosted 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 worth $132,141,000 after buying an additional 205,000 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Pentair by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,010,068 shares of the industrial products company’s stock valued at $101,653,000 after buying an additional 7,434 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PNR. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a report on Thursday, February 27th. Oppenheimer boosted their price objective on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Wolfe Research assumed coverage on Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. Barclays upped their price target on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, KeyCorp reissued a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and an average price target of $111.25.

Pentair Stock Down 1.9 %

NYSE:PNR opened at $88.15 on Friday. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 1.87 and a beta of 1.23. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $98.59 and a two-hundred day moving average price of $98.52. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 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 business had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. During the same period last year, the business posted $0.87 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities analysts expect that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, April 17th. Pentair’s payout ratio is 26.74%.

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.