Steph & Co. Has $436,000 Holdings in Pentair plc (NYSE:PNR)

Steph & Co. lessened its stake in shares of Pentair plc (NYSE:PNR) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,332 shares of the industrial products company’s stock after selling 102 shares during the period. Steph & Co.’s holdings in Pentair were worth $436,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Quarry LP boosted its position in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares during the period. Blue Trust Inc. lifted its stake in shares of Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after buying an additional 327 shares during the last quarter. Eastern Bank boosted its holdings in shares of 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 buying an additional 300 shares during the period. Friedenthal Financial bought a new stake in shares of Pentair during the 4th quarter worth $56,000. Finally, True Wealth Design LLC grew its stake in Pentair by 4,450.0% in the 3rd quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock valued at $62,000 after buying an additional 623 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PNR shares. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Pentair in a report on Thursday, November 21st. Mizuho increased their target price on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. UBS Group increased their price objective on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.13.

Pentair Stock Performance

NYSE PNR opened at $101.65 on Thursday. The stock has a market cap of $16.80 billion, a P/E ratio of 25.41, a PEG ratio of 1.55 and a beta of 1.21. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Pentair plc has a twelve month low of $69.42 and a twelve month high of $110.71. The company’s 50-day simple moving average is $104.30 and its 200 day simple moving average is $94.46.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. Pentair’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. As a group, research analysts forecast that Pentair plc will post 4.28 earnings per share for the current fiscal year.

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, January 24th. This is an increase from Pentair’s previous quarterly dividend of $0.23. Pentair’s payout ratio is currently 23.00%.

Insider Transactions at Pentair

In related news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the transaction, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.28% of the stock is owned by insiders.

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.