Great Lakes Advisors LLC Has $10.15 Million Holdings in Pentair plc (NYSE:PNR)

Great Lakes Advisors LLC lessened its holdings in shares of Pentair plc (NYSE:PNR) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,854 shares of the industrial products company’s stock after selling 3,132 shares during the quarter. Great Lakes Advisors LLC’s holdings in Pentair were worth $10,150,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PNR. Quarry LP raised its stake in shares of Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. raised its stake in shares of Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 294 shares during the period. Eastern Bank raised its stake in shares of Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares during the period. Friedenthal Financial acquired a new stake in shares of Pentair in the 4th quarter valued at about $56,000. Finally, Spire Wealth Management acquired a new stake in shares of Pentair in the 4th quarter valued at about $64,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Down 0.6 %

NYSE PNR opened at $85.57 on Thursday. 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 plc has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a 50 day moving average of $97.73 and a 200-day moving average of $98.74. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.87 and a beta of 1.23.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating 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 company had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. Pentair’s payout ratio is 26.74%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Pentair in a research note on Thursday, November 21st. Barclays lifted their price target on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Robert W. Baird lifted their price target on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. KeyCorp restated a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Finally, Oppenheimer raised their price objective on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Pentair presently has a consensus rating of “Moderate Buy” and an average price target of $112.93.

About Pentair

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.