Pentair PLC (NYSE:PNR) Holdings Trimmed by BTR Capital Management Inc.

BTR Capital Management Inc. trimmed its position in shares of Pentair PLC (NYSE:PNR) by 10.1% during the 4th quarter, HoldingsChannel reports. The firm owned 102,011 shares of the industrial products company’s stock after selling 11,449 shares during the quarter. BTR Capital Management Inc.’s holdings in Pentair were worth $4,679,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Private Capital Group LLC grew its holdings in shares of Pentair by 445.0% during the 2nd quarter. Private Capital Group LLC now owns 594 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 485 shares in the last quarter. Horan Capital Advisors LLC. purchased a new position in shares of Pentair during the 3rd quarter valued at $26,000. HM Payson & Co. purchased a new position in shares of Pentair during the 2nd quarter valued at $28,000. AdvisorNet Financial Inc grew its holdings in shares of Pentair by 35.6% during the 3rd quarter. AdvisorNet Financial Inc now owns 990 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 260 shares in the last quarter. Finally, Covington Capital Management grew its holdings in shares of Pentair by 25.0% during the 3rd quarter. Covington Capital Management now owns 1,250 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 84.54% of the company’s stock.

In other news, Director T Michael Glenn sold 6,116 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $44.23, for a total transaction of $270,510.68. Following the sale, the director now directly owns 24,702 shares of the company’s stock, valued at $1,092,569.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 18,348 shares of company stock worth $791,043 over the last three months. 0.80% of the stock is owned by insiders.

Shares of PNR traded up $0.54 during mid-day trading on Friday, hitting $47.25. 153,739 shares of the company traded hands, compared to its average volume of 855,243. Pentair PLC has a one year low of $34.50 and a one year high of $47.16. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average of $45.41 and a 200 day moving average of $40.22. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 3.14 and a beta of 1.23.

Pentair (NYSE:PNR) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Pentair had a net margin of 11.92% and a return on equity of 21.35%. The business had revenue of $713.60 million for the quarter, compared to analysts’ expectations of $719.07 million. During the same period in the prior year, the firm earned $0.54 earnings per share. Pentair’s revenue was up .3% compared to the same quarter last year. As a group, analysts anticipate that Pentair PLC will post 2.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a dividend of $0.19 per share. This is a boost from Pentair’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, January 23rd. Pentair’s dividend payout ratio is 30.64%.

PNR has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Pentair in a research note on Friday, September 20th. They set a “hold” rating on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $48.00 price objective on shares of Pentair in a research note on Wednesday, December 18th. Cowen upped their price objective on shares of Pentair from $45.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Rosenblatt Securities initiated coverage on shares of Pentair in a research note on Thursday. They set a “buy” rating and a $54.00 price objective on the stock. Finally, Citigroup initiated coverage on shares of Pentair in a research note on Tuesday, December 17th. They set a “neutral” rating and a $50.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Pentair currently has an average rating of “Hold” and an average target price of $47.20.

Pentair Company Profile

Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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