Greenwich Wealth Management LLC Has $533,000 Stock Position in Pentair plc (NYSE:PNR)

Greenwich Wealth Management LLC reduced its position in shares of Pentair plc (NYSE:PNR) by 51.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,333 shares of the industrial products company’s stock after selling 7,678 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Pentair were worth $533,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC raised its stake in Pentair by 82.4% during the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after buying an additional 154 shares during the period. IFP Advisors Inc increased its holdings in Pentair by 97.6% during the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 202 shares in the last quarter. Ieq Capital LLC increased its holdings in Pentair by 5.1% during the 3rd quarter. Ieq Capital LLC now owns 4,217 shares of the industrial products company’s stock worth $273,000 after purchasing an additional 206 shares in the last quarter. Quent Capital LLC increased its holdings in Pentair by 112.7% during the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Pentair by 62.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 703 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 271 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Stock Performance

Shares of NYSE:PNR traded up $0.15 during trading on Monday, hitting $78.68. 384,283 shares of the company were exchanged, compared to its average volume of 1,586,919. The company has a market cap of $13.06 billion, a PE ratio of 20.94, a P/E/G ratio of 1.50 and a beta of 1.20. The stock has a 50 day moving average of $80.02 and a 200 day moving average of $71.56. Pentair plc has a 52-week low of $52.28 and a 52-week high of $85.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.94.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.01. The firm had revenue of $984.60 million for the quarter, compared to the consensus estimate of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. As a group, equities research analysts predict that Pentair plc will post 4.2 EPS for the current year.

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.17%. Pentair’s dividend payout ratio (DPR) is presently 24.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PNR. BNP Paribas started coverage on Pentair in a report on Tuesday, March 12th. They set a “neutral” rating and a $86.00 price objective for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $91.00 target price on shares of Pentair in a report on Friday, March 22nd. Bank of America raised Pentair from an “underperform” rating to a “neutral” rating and upped their target price for the company from $46.00 to $76.00 in a report on Thursday, January 11th. KeyCorp upped their target price on Pentair from $82.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Finally, StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.33.

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.