Sequoia Financial Advisors LLC Sells 1,648 Shares of Pentair plc (NYSE:PNR)

Sequoia Financial Advisors LLC lessened its stake in shares of Pentair plc (NYSE:PNR) by 32.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,386 shares of the industrial products company’s stock after selling 1,648 shares during the period. Sequoia Financial Advisors LLC’s holdings in Pentair were worth $341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Independent Advisor Alliance increased its position in Pentair by 1.4% during the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company’s stock valued at $768,000 after buying an additional 103 shares in the last quarter. Richardson Financial Services Inc. boosted its stake in Pentair by 16.1% in the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 127 shares in the last quarter. Quarry LP grew its position in Pentair by 105.5% during the 3rd 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 last quarter. Annex Advisory Services LLC increased its stake in Pentair by 2.9% during the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 151 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of Pentair by 1.3% in the fourth quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company’s stock worth $1,251,000 after buying an additional 161 shares during the last quarter. 92.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PNR has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. 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. Stifel Nicolaus reduced their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Wolfe Research began coverage on Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. Finally, StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.93.

Pentair Stock Up 2.1 %

PNR stock opened at $89.19 on Thursday. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The firm’s fifty day moving average is $96.13 and its 200 day moving average is $98.65. The firm has a market cap of $14.70 billion, a PE ratio of 23.85, a P/E/G ratio of 1.87 and a beta of 1.23.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS. On average, research analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, April 17th. Pentair’s payout ratio is 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.