Ossiam Has $1.58 Million Holdings in Pentair plc (NYSE:PNR)

Ossiam cut its stake in Pentair plc (NYSE:PNR) by 5.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,739 shares of the industrial products company’s stock after selling 981 shares during the period. Ossiam’s holdings in Pentair were worth $1,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SJS Investment Consulting Inc. lifted its stake 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 buying an additional 294 shares during the period. Eastern Bank raised its holdings in 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 acquiring an additional 300 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Pentair in the 4th quarter worth approximately $55,000. Friedenthal Financial acquired a new stake in shares of Pentair during the 4th quarter worth approximately $56,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Pentair during the fourth quarter valued at approximately $60,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. KeyCorp reiterated a “sector weight” rating and set a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Citigroup decreased their target price on shares of Pentair from $118.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Stifel Nicolaus decreased their price objective on Pentair from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Robert W. Baird raised Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 target price for the company in a report on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Pentair Price Performance

Shares of PNR stock opened at $80.27 on Monday. The stock’s fifty day moving average is $87.81 and its 200-day moving average is $97.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The stock has a market capitalization of $13.24 billion, a PE ratio of 21.46, a PEG ratio of 1.87 and a beta of 1.13.

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

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, April 17th. Pentair’s dividend payout ratio (DPR) is presently 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.