Bank of Montreal Can Sells 9,691 Shares of Pentair plc (NYSE:PNR)

Bank of Montreal Can lessened its stake in shares of Pentair plc (NYSE:PNR) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 138,666 shares of the industrial products company’s stock after selling 9,691 shares during the quarter. Bank of Montreal Can owned approximately 0.08% of Pentair worth $13,955,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Orion Portfolio Solutions LLC raised its position in Pentair by 80.8% in the third quarter. Orion Portfolio Solutions LLC now owns 6,347 shares of the industrial products company’s stock valued at $621,000 after purchasing an additional 2,837 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Pentair by 3.0% in the third quarter. MML Investors Services LLC now owns 7,281 shares of the industrial products company’s stock valued at $712,000 after buying an additional 213 shares during the period. Public Employees Retirement System of Ohio bought a new position in Pentair in the 3rd quarter valued at approximately $6,319,000. M&T Bank Corp boosted its position in Pentair by 2.3% during the 3rd quarter. M&T Bank Corp now owns 33,132 shares of the industrial products company’s stock worth $3,240,000 after buying an additional 734 shares during the period. Finally, Geode Capital Management LLC grew its holdings in 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 acquiring an additional 19,853 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Trading Up 1.5 %

PNR opened at $82.03 on Friday. The company has a fifty day moving average price of $89.54 and a two-hundred day moving average price of $97.77. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a market cap of $13.52 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. 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 (NYSE:PNR) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The business had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. Analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date is Thursday, April 17th. Pentair’s payout ratio is currently 26.74%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PNR shares. 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 raised Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 target price on the stock in a report on Tuesday, March 25th. Citigroup decreased their price target on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Barclays decreased their target price on shares of Pentair from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.27.

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.