Savant Capital LLC Sells 21,408 Shares of Pentair plc $PNR

Savant Capital LLC cut its stake in Pentair plc (NYSE:PNR) by 76.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,710 shares of the industrial products company’s stock after selling 21,408 shares during the quarter. Savant Capital LLC’s holdings in Pentair were worth $699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Moors & Cabot Inc. increased its stake in shares of Pentair by 0.9% in the 3rd quarter. Moors & Cabot Inc. now owns 11,006 shares of the industrial products company’s stock valued at $1,219,000 after acquiring an additional 100 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in Pentair by 71.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 105 shares in the last quarter. Private Advisor Group LLC increased its stake in Pentair by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 8,888 shares of the industrial products company’s stock worth $984,000 after purchasing an additional 105 shares in the last quarter. Captrust Financial Advisors increased its stake in Pentair by 0.3% during the 2nd quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company’s stock worth $3,915,000 after purchasing an additional 107 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Pentair by 4.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,870 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 110 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Pentair Trading Up 0.4%

NYSE:PNR opened at $71.55 on Thursday. Pentair plc has a twelve month low of $69.93 and a twelve month high of $113.95. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $81.83 and a two-hundred day moving average price of $94.52. The company has a market cap of $11.56 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.05.

Pentair (NYSE:PNR) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm posted $1.11 EPS. The business’s revenue was up 2.6% on a year-over-year basis. As a group, analysts expect that Pentair plc will post 5.35 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. Pentair’s dividend payout ratio is 26.47%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PNR shares. Robert W. Baird set a $110.00 target price on Pentair in a research note on Wednesday, April 29th. Bank of America lowered their target price on Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Oppenheimer lowered their target price on Pentair from $122.00 to $115.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Citigroup lowered their target price on Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus lowered their target price on Pentair from $110.00 to $103.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $107.86.

Pentair Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.