Mountain Pacific Investment Advisers Inc. ID Has $30.24 Million Stake in Pentair plc (NYSE:PNR)

Mountain Pacific Investment Advisers Inc. ID cut its holdings in Pentair plc (NYSE:PNR) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 415,938 shares of the industrial products company’s stock after selling 2,736 shares during the period. Pentair makes up approximately 1.9% of Mountain Pacific Investment Advisers Inc. ID’s portfolio, making the stock its 21st biggest position. Mountain Pacific Investment Advisers Inc. ID owned approximately 0.25% of Pentair worth $30,243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. grew its stake in shares of Pentair by 935.1% in the 3rd quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock valued at $25,000 after buying an additional 346 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Pentair by 82.4% in the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after buying an additional 154 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Pentair by 97.6% during the third quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock valued at $26,000 after buying an additional 202 shares during the last quarter. Quent Capital LLC increased its position in shares of Pentair by 112.7% during the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Finally, Baystate Wealth Management LLC acquired a new stake in shares of Pentair in the 3rd quarter worth about $30,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PNR. UBS Group lifted their price objective on shares of Pentair from $83.00 to $91.00 and gave the stock a “buy” rating in a report on Wednesday. BNP Paribas began coverage on Pentair in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 price objective for the company. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. TD Cowen lifted their price target on shares of Pentair from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus boosted their price objective on Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.93.

Pentair Stock Performance

Shares of PNR opened at $79.96 on Friday. The company has a current ratio of 1.90, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $80.35 and a 200-day moving average price of $71.89. The company has a market cap of $13.28 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. Pentair plc has a 12-month low of $53.88 and a 12-month high of $85.81.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Pentair plc will post 4.21 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Thursday, April 18th. Pentair’s payout ratio is 24.47%.

About Pentair

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.