Wellington Management Group LLP Sells 13,291 Shares of Pentair plc (NYSE:PNR)

Wellington Management Group LLP trimmed its stake in shares of Pentair plc (NYSE:PNR) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 150,624 shares of the industrial products company’s stock after selling 13,291 shares during the quarter. Wellington Management Group LLP’s holdings in Pentair were worth $15,159,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quarry LP increased its position in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares during the period. SJS Investment Consulting Inc. boosted its position in shares of Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 294 shares during the period. Eastern Bank increased its holdings in Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 300 shares during the period. Proficio Capital Partners LLC purchased a new stake in Pentair in the 4th quarter worth approximately $55,000. Finally, Friedenthal Financial bought a new position in Pentair in the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

PNR has been the topic of a number of recent analyst reports. StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Stifel Nicolaus dropped their price target on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Barclays dropped 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. Finally, Robert W. Baird raised shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price target on the stock in a report on Tuesday, March 25th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.27.

Pentair Price Performance

PNR opened at $76.00 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The stock’s 50 day simple moving average is $91.08 and its 200 day simple moving average is $98.16. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.87 and a beta of 1.13.

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

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. Pentair’s dividend payout ratio is currently 26.74%.

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.