Yousif Capital Management LLC Sells 3,154 Shares of Pentair plc (NYSE:PNR)

Yousif Capital Management LLC reduced its stake in Pentair plc (NYSE:PNR) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,524 shares of the industrial products company’s stock after selling 3,154 shares during the quarter. Yousif Capital Management LLC’s holdings in Pentair were worth $10,799,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PNR. AE Wealth Management LLC lifted its position in Pentair by 9.5% in the 3rd quarter. AE Wealth Management LLC now owns 4,337 shares of the industrial products company’s stock valued at $281,000 after acquiring an additional 378 shares in the last quarter. IFP Advisors Inc lifted its position in Pentair by 97.6% in the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 202 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Pentair in the 3rd quarter valued at $207,000. UMB Bank n.a. lifted its position in Pentair by 22,822.7% in the 3rd quarter. UMB Bank n.a. now owns 74,728 shares of the industrial products company’s stock valued at $4,839,000 after acquiring an additional 74,402 shares in the last quarter. Finally, Oak Thistle LLC lifted its position in Pentair by 123.4% in the 3rd quarter. Oak Thistle LLC now owns 17,760 shares of the industrial products company’s stock valued at $1,150,000 after acquiring an additional 9,809 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PNR. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays boosted their price target on shares of Pentair from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday. Mizuho boosted their price target on shares of Pentair from $82.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Citigroup boosted their price target on shares of Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus boosted their price target on shares of Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Pentair presently has an average rating of “Moderate Buy” and an average target price of $89.93.

Pentair Stock Performance

Pentair stock traded up $0.52 during trading hours on Wednesday, hitting $78.99. The company had a trading volume of 1,983,409 shares, compared to its average volume of 1,640,747. The firm has a market cap of $13.11 billion, a PE ratio of 20.96, a PEG ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.94. Pentair plc has a one year low of $52.28 and a one year high of $85.81. The firm has a 50-day moving average of $80.10 and a 200 day moving average of $71.68.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $0.91 EPS. The business’s revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts expect that Pentair plc will post 4.2 earnings per share for the current year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 annualized dividend and a dividend yield of 1.16%. Pentair’s dividend payout ratio is presently 24.53%.

Pentair 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.