Federated Investors Inc. PA Sells 207 Shares of Pentair plc. Ordinary Share (PNR)

Federated Investors Inc. PA cut its stake in shares of Pentair plc. Ordinary Share (NYSE:PNR) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,802 shares of the industrial products company’s stock after selling 207 shares during the period. Federated Investors Inc. PA’s holdings in Pentair plc. Ordinary Share were worth $437,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PNR. TCW Group Inc. increased its stake in Pentair plc. Ordinary Share by 9.4% in the fourth quarter. TCW Group Inc. now owns 1,566,713 shares of the industrial products company’s stock valued at $87,846,000 after buying an additional 134,530 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Pentair plc. Ordinary Share by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,061,431 shares of the industrial products company’s stock valued at $115,592,000 after buying an additional 25,552 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Pentair plc. Ordinary Share by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,585 shares of the industrial products company’s stock worth $537,000 after buying an additional 69 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Pentair plc. Ordinary Share by 17.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 43,340 shares of the industrial products company’s stock valued at $2,430,000 after buying an additional 6,368 shares during the period. Finally, Cipher Capital LP acquired a new stake in Pentair plc. Ordinary Share during the fourth quarter worth $2,960,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Pentair plc. Ordinary Share (NYSE:PNR)

Pentair plc. Ordinary Share (NYSE:PNR) traded down 0.37% on Friday, hitting $62.57. 843,099 shares of the stock were exchanged. Pentair plc. Ordinary Share has a 12 month low of $53.80 and a 12 month high of $66.99. The company has a 50-day moving average of $61.64 and a 200-day moving average of $59.15. The stock has a market cap of $11.37 billion, a price-to-earnings ratio of 21.91 and a beta of 1.45.

Pentair plc. Ordinary Share (NYSE:PNR) last announced its earnings results on Tuesday, January 31st. The industrial products company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Pentair plc. Ordinary Share had a net margin of 9.15% and a return on equity of 14.89%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, equities analysts predict that Pentair plc. Ordinary Share will post $3.47 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 5th. Stockholders of record on Friday, April 21st will be paid a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, April 19th. Pentair plc. Ordinary Share’s dividend payout ratio is currently 48.42%.

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A number of analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Pentair plc. Ordinary Share from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 1st. JPMorgan Chase & Co. raised shares of Pentair plc. Ordinary Share from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $56.00 to $68.00 in a research note on Friday, January 13th. Vertical Research raised shares of Pentair plc. Ordinary Share from a “hold” rating to a “buy” rating in a research note on Monday, January 23rd. Zacks Investment Research cut shares of Pentair plc. Ordinary Share from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, TheStreet raised shares of Pentair plc. Ordinary Share from a “c+” rating to a “b” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $65.07.

Pentair plc. Ordinary Share Company Profile

Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.

5 Day Chart for NYSE:PNR

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