Thematics Asset Management Sells 22,500 Shares of Pentair plc (NYSE:PNR)

Thematics Asset Management trimmed its stake in Pentair plc (NYSE:PNR) by 10.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 184,237 shares of the industrial products company’s stock after selling 22,500 shares during the period. Thematics Asset Management’s holdings in Pentair were worth $18,017,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC lifted its stake in shares of Pentair by 64.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,262 shares of the industrial products company’s stock worth $620,000 after buying an additional 2,833 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Pentair during the 1st quarter worth $489,000. California State Teachers Retirement System grew its position in shares of Pentair by 0.4% in the first quarter. California State Teachers Retirement System now owns 260,531 shares of the industrial products company’s stock valued at $22,260,000 after purchasing an additional 977 shares during the last quarter. LBP AM SA bought a new position in shares of Pentair in the first quarter worth about $2,054,000. Finally, Zimmer Partners LP acquired a new stake in Pentair in the 1st quarter valued at approximately $11,769,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PNR. Mizuho raised their price objective on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Stifel Nicolaus boosted their price target on shares of Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Barclays increased their price target on shares of Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group upped their price objective on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $106.38.

Pentair Stock Up 0.7 %

PNR traded up $0.75 during trading hours on Tuesday, hitting $108.69. 307,372 shares of the company’s stock were exchanged, compared to its average volume of 1,540,834. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Pentair plc has a 1-year low of $62.81 and a 1-year high of $109.31. The stock’s 50-day moving average is $99.68 and its two-hundred day moving average is $88.39. The stock has a market cap of $17.96 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 1.91 and a beta of 1.19.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter last year, the company posted $0.94 earnings per share. Pentair’s quarterly revenue was down 1.5% on a year-over-year basis. Sell-side analysts predict that Pentair plc will post 4.28 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.85%. Pentair’s payout ratio is presently 23.00%.

Insider Buying and Selling

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the transaction, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. The trade was a 15.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.28% of the stock is owned by insiders.

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.