US Bancorp DE Has $13.85 Million Stake in Pentair plc (NYSE:PNR)

US Bancorp DE decreased its holdings in shares of Pentair plc (NYSE:PNR) by 0.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,618 shares of the industrial products company’s stock after selling 135 shares during the quarter. US Bancorp DE’s holdings in Pentair were worth $13,850,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PNR. Quarry LP lifted its stake in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 134 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in 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 last quarter. Eastern Bank lifted its stake in Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 300 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Pentair in the fourth quarter valued at $55,000. Finally, Friedenthal Financial acquired a new stake in Pentair in the fourth quarter valued at $56,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Price Performance

PNR stock opened at $91.54 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The firm has a market cap of $15.09 billion, a P/E ratio of 24.48, a P/E/G ratio of 1.87 and a beta of 1.20. The company’s 50-day moving average price is $99.52 and its two-hundred day moving average price is $98.55.

Pentair (NYSE:PNR) last released its 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. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. During the same period last year, the firm earned $0.87 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, April 17th. Pentair’s dividend payout ratio is currently 26.74%.

Analyst Ratings Changes

PNR has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price target on shares of Pentair in a research note on Thursday, November 21st. KeyCorp reissued a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Wolfe Research started coverage on shares of Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Finally, Citigroup dropped their price objective 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. Five 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $111.25.

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.