Greenwich Wealth Management LLC Lowers Stock Position in Pentair plc (NYSE:PNR)

Greenwich Wealth Management LLC lessened its stake in shares of Pentair plc (NYSE:PNR) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,160 shares of the industrial products company’s stock after selling 195 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Pentair were worth $721,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quarry LP boosted its stake in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after buying an additional 134 shares during the period. SJS Investment Consulting Inc. boosted its stake in Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after buying an additional 294 shares during the period. Eastern Bank boosted its stake in Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after buying an additional 300 shares during the period. Proficio Capital Partners LLC purchased a new position in Pentair during the fourth quarter worth about $55,000. Finally, Friedenthal Financial acquired a new stake in shares of Pentair during the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

Shares of Pentair stock opened at $86.18 on Friday. The firm has a market capitalization of $14.20 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.87 and a beta of 1.23. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $96.80 and its two-hundred day moving average is $98.63.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. The company had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. Research analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.16%. Pentair’s dividend payout ratio (DPR) is presently 26.74%.

Analysts Set New Price Targets

Several analysts have recently issued reports on PNR shares. Robert W. Baird increased their price target on shares of Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Citigroup reduced their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Pentair in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Pentair has a consensus rating of “Moderate Buy” and a consensus target price of $112.93.

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.