Thematics Asset Management Decreases Stock Holdings in Pentair plc (NYSE:PNR)

Thematics Asset Management lowered its position in shares of Pentair plc (NYSE:PNR) by 20.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,237 shares of the industrial products company’s stock after selling 38,000 shares during the period. Thematics Asset Management owned about 0.09% of Pentair worth $14,717,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. SJS Investment Consulting Inc. increased its holdings in 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 purchasing an additional 294 shares during the period. Eastern Bank raised its holdings in shares of Pentair by 144.9% during the fourth 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. Friedenthal Financial bought a new stake in Pentair in the fourth quarter valued at $56,000. Intact Investment Management Inc. purchased a new position in Pentair during the 4th quarter valued at $60,000. Finally, Spire Wealth Management purchased a new stake in shares of Pentair in the 4th quarter worth about $64,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

PNR has been the subject of several research analyst reports. KeyCorp restated a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Barclays decreased their price target on shares of Pentair from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Finally, Baird R W raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

Pentair Price Performance

Shares of PNR opened at $80.27 on Friday. The firm has a market cap of $13.24 billion, a PE ratio of 21.46, a P/E/G ratio of 1.87 and a beta of 1.13. 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 firm has a fifty day simple moving average of $87.81 and a two-hundred day simple moving average of $97.23.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. During the same quarter in the prior year, the company earned $0.87 earnings per share. Pentair’s revenue was down 1.2% on a year-over-year basis. On average, equities analysts anticipate that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend 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.