Envestnet Portfolio Solutions Inc. Has $3.35 Million Position in Pentair plc (NYSE:PNR)

Envestnet Portfolio Solutions Inc. trimmed its holdings in Pentair plc (NYSE:PNR) by 19.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,291 shares of the industrial products company’s stock after selling 7,844 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Pentair were worth $3,350,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP increased 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 buying an additional 134 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Pentair by 753.8% during the 4th 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 raised its stake in shares of Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 300 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Pentair in the 4th quarter worth approximately $55,000. Finally, Friedenthal Financial acquired a new position in Pentair during the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on PNR shares. KeyCorp reiterated a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Stifel Nicolaus cut their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Barclays increased their target price on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Robert W. Baird lifted their price target on Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Finally, StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $112.93.

Pentair Trading Up 2.1 %

PNR stock opened at $89.19 on Thursday. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The business’s 50 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 P/E ratio of 23.85, a P/E/G ratio of 1.87 and a beta of 1.23.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. During the same period in the prior year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued 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%.

Pentair Company 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.