Gateway Investment Advisers LLC Has $13.77 Million Holdings in Pentair PLC. (PNR)
Gateway Investment Advisers LLC lowered its stake in shares of Pentair PLC. (NYSE:PNR) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 194,945 shares of the industrial products company’s stock after selling 7,434 shares during the period. Gateway Investment Advisers LLC’s holdings in Pentair were worth $13,767,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund boosted its stake in shares of Pentair by 1.2% in the 3rd quarter. New York State Common Retirement Fund now owns 542,462 shares of the industrial products company’s stock worth $36,866,000 after buying an additional 6,500 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Pentair by 4.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 45,892 shares of the industrial products company’s stock worth $3,119,000 after buying an additional 2,047 shares during the last quarter. AXA boosted its stake in shares of Pentair by 2,664.8% in the 3rd quarter. AXA now owns 476,465 shares of the industrial products company’s stock worth $32,380,000 after buying an additional 459,232 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Pentair by 11.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 323,672 shares of the industrial products company’s stock worth $21,997,000 after buying an additional 31,990 shares during the last quarter. Finally, Trian Fund Management L.P. boosted its stake in shares of Pentair by 6.0% in the 2nd quarter. Trian Fund Management L.P. now owns 15,200,931 shares of the industrial products company’s stock worth $1,011,470,000 after buying an additional 862,769 shares during the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.
Pentair PLC. (NYSE:PNR) opened at $73.56 on Friday. Pentair PLC. has a 12 month low of $57.44 and a 12 month high of $74.84. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $13,360.00, a P/E ratio of 35.03, a P/E/G ratio of 1.74 and a beta of 1.41.
Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. Pentair had a return on equity of 13.39% and a net margin of 12.50%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. Pentair’s revenue for the quarter was up 1.3% on a year-over-year basis. equities analysts expect that Pentair PLC. will post 3.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 26th will be paid a $0.35 dividend. This is an increase from Pentair’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $1.40 annualized dividend and a yield of 1.90%. Pentair’s dividend payout ratio is presently 65.71%.
In other Pentair news, insider Karl R. Frykman sold 11,386 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $70.24, for a total transaction of $799,752.64. Following the sale, the insider now owns 36,476 shares of the company’s stock, valued at approximately $2,562,074.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Trian Fund Management, L.P. sold 183,661 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $67.60, for a total transaction of $12,415,483.60. Following the sale, the director now directly owns 1,122 shares in the company, valued at approximately $75,847.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 214,824 shares of company stock worth $14,603,044. 9.90% of the stock is owned by company insiders.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Pentair from a “sell” rating to a “hold” rating in a research note on Wednesday. Seaport Global Securities restated a “buy” rating on shares of Pentair in a research note on Wednesday, October 25th. BMO Capital Markets boosted their target price on Pentair from $78.00 to $79.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 25th. Robert W. Baird boosted their target price on Pentair from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $76.00 target price (up previously from $75.00) on shares of Pentair in a research note on Wednesday, October 25th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Pentair has a consensus rating of “Hold” and an average price target of $70.91.
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Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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