APG Asset Management N.V. reduced its position in Pentair PLC (NYSE:PNR) by 83.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,207 shares of the industrial products company’s stock after selling 160,421 shares during the period. APG Asset Management N.V.’s holdings in Pentair were worth $1,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PNR. CSat Investment Advisory L.P. boosted its holdings in shares of Pentair by 47.8% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,017 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 329 shares during the period. Enlightenment Research LLC acquired a new position in shares of Pentair in the 4th quarter valued at $42,000. Mercer Capital Advisers Inc. raised its position in Pentair by 52.0% in the 4th quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 650 shares during the last quarter. ETF Managers Group LLC raised its position in Pentair by 19.6% in the 4th quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 325 shares during the last quarter. Finally, ERTS Wealth Advisors LLC acquired a new stake in Pentair during the 4th quarter worth $156,000. 85.80% of the stock is owned by hedge funds and other institutional investors.

Shares of PNR opened at $39.13 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 1.27. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.71 and a beta of 1.25. Pentair PLC has a 1 year low of $35.30 and a 1 year high of $72.96.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, January 29th. The industrial products company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The company had revenue of $740.50 million during the quarter, compared to analysts’ expectations of $735.74 million. Pentair had a net margin of 9.92% and a return on equity of 18.86%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. As a group, equities research analysts expect that Pentair PLC will post 2.57 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $0.72 annualized dividend and a yield of 1.84%. Pentair’s dividend payout ratio is currently 30.64%.

A number of research firms have commented on PNR. Zacks Investment Research lowered shares of Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, December 12th. Morgan Stanley started coverage on shares of Pentair in a research note on Tuesday, December 18th. They set an “equal weight” rating and a $41.00 target price for the company. Oppenheimer reissued a “hold” rating on shares of Pentair in a report on Tuesday, January 29th. Finally, ValuEngine cut Pentair from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Pentair presently has a consensus rating of “Hold” and an average price target of $46.22.

In other Pentair news, SVP Ademir Sarcevic sold 2,435 shares of Pentair stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $45.00, for a total value of $109,575.00. Following the sale, the senior vice president now owns 2,763 shares of the company’s stock, valued at approximately $124,335. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Karl R. Frykman sold 10,241 shares of Pentair stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $41.28, for a total value of $422,748.48. Following the completion of the sale, the chief operating officer now directly owns 60,877 shares in the company, valued at approximately $2,513,002.56. The disclosure for this sale can be found here. Insiders have sold 12,942 shares of company stock valued at $543,730 over the last three months. 0.80% of the stock is currently owned by corporate insiders.

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About Pentair

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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