Machina Capital S.A.S. Sells 4,034 Shares of Pentair plc (NYSE:PNR)

Machina Capital S.A.S. reduced its position in Pentair plc (NYSE:PNR) by 44.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,132 shares of the industrial products company’s stock after selling 4,034 shares during the quarter. Machina Capital S.A.S.’s holdings in Pentair were worth $373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in Pentair by 4.5% in the third quarter. Commonwealth Equity Services LLC now owns 34,622 shares of the industrial products company’s stock worth $2,242,000 after purchasing an additional 1,479 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Pentair by 6.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,064 shares of the industrial products company’s stock worth $781,000 after purchasing an additional 713 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Pentair by 7.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 86,215 shares of the industrial products company’s stock worth $5,582,000 after purchasing an additional 6,215 shares in the last quarter. Xponance Inc. raised its holdings in Pentair by 1.3% in the third quarter. Xponance Inc. now owns 22,911 shares of the industrial products company’s stock worth $1,483,000 after purchasing an additional 301 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of Pentair by 7.0% during the third quarter. Stratos Wealth Partners LTD. now owns 5,021 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 330 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Pentair Price Performance

Shares of PNR stock traded up $2.29 during trading hours on Monday, hitting $81.90. 1,086,629 shares of the company’s stock were exchanged, compared to its average volume of 1,631,823. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.63. The firm has a market cap of $13.60 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.37 and a beta of 1.24. The firm has a 50 day moving average of $80.87 and a two-hundred day moving average of $72.66. Pentair plc has a fifty-two week low of $55.26 and a fifty-two week high of $85.81.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company earned $0.91 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. Sell-side analysts forecast that Pentair plc will post 4.24 EPS for the current year.

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Friday, April 19th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, April 18th. Pentair’s payout ratio is currently 24.47%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays boosted their price target on Pentair from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Northcoast Research upgraded Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday, April 15th. Bank of America upgraded Pentair from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $46.00 to $76.00 in a research note on Thursday, January 11th. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus upped their target price on Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.93.

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.