Stevens Capital Management LP Sells 150 Shares of Pentair plc (NYSE:PNR)

Stevens Capital Management LP cut its stake in shares of Pentair plc (NYSE:PNR) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,143 shares of the industrial products company’s stock after selling 150 shares during the period. Stevens Capital Management LP’s holdings in Pentair were worth $229,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PNR. Assetmark Inc. increased its holdings in Pentair by 935.1% in the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 346 shares during the period. Lindbrook Capital LLC increased its holdings in Pentair by 82.4% in the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 154 shares during the period. IFP Advisors Inc increased its holdings in Pentair by 97.6% in the third quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 202 shares during the period. Quent Capital LLC boosted its position in Pentair by 112.7% during the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 213 shares during the last quarter. Finally, Baystate Wealth Management LLC bought a new stake in Pentair during the third quarter valued at $30,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Stock Performance

Shares of Pentair stock traded up $0.76 during mid-day trading on Friday, hitting $79.96. 940,223 shares of the stock were exchanged, compared to its average volume of 1,644,687. Pentair plc has a 12 month low of $53.88 and a 12 month high of $85.81. The company has a 50-day simple moving average of $80.35 and a 200 day simple moving average of $71.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.94 and a current ratio of 1.90. The company has a market capitalization of $13.28 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.50 and a beta of 1.20.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. Pentair’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. Sell-side analysts anticipate that Pentair plc will post 4.21 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a $0.23 dividend. The ex-dividend date is Thursday, April 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. Pentair’s dividend payout ratio (DPR) is presently 24.47%.

Analyst Upgrades and Downgrades

A number of analysts have commented on PNR shares. Barclays upped their price target on shares of Pentair from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America upgraded Pentair from an “underperform” rating to a “neutral” rating and raised their target price for the company from $46.00 to $76.00 in a research note on Thursday, January 11th. The Goldman Sachs Group restated a “neutral” rating and issued a $91.00 target price on shares of Pentair in a research note on Friday, March 22nd. Oppenheimer raised their target price on Pentair from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Citigroup raised their target price on Pentair from $85.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.93.

Pentair 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.