GEN Financial Management INC. Decreases Stock Holdings in Pentair plc (NYSE:PNR)

GEN Financial Management INC. decreased its holdings in shares of Pentair plc (NYSE:PNR) by 27.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,227 shares of the industrial products company’s stock after selling 1,200 shares during the quarter. GEN Financial Management INC.’s holdings in Pentair were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Fifth Third Bancorp raised its stake in shares of Pentair by 6.6% in the first quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company’s stock valued at $356,000 after acquiring an additional 253 shares during the period. CX Institutional raised its stake in shares of Pentair by 12.8% in the first quarter. CX Institutional now owns 2,751 shares of the industrial products company’s stock valued at $241,000 after acquiring an additional 313 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Pentair by 229.1% in the first quarter. Assenagon Asset Management S.A. now owns 786,362 shares of the industrial products company’s stock valued at $68,791,000 after acquiring an additional 547,419 shares during the period. Avanza Fonder AB purchased a new stake in shares of Pentair in the first quarter valued at $1,494,000. Finally, GAMMA Investing LLC raised its stake in shares of Pentair by 14.0% in the first quarter. GAMMA Investing LLC now owns 3,964 shares of the industrial products company’s stock valued at $347,000 after acquiring an additional 487 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PNR. Stifel Nicolaus reduced their target price on shares of Pentair from $125.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Baird R W upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. Robert W. Baird cut their price target on shares of Pentair from $114.00 to $107.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Barclays upped their price target on shares of Pentair from $110.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada upped their price target on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $107.14.

Pentair Stock Down 0.4%

PNR stock opened at $98.78 on Friday. The company’s 50 day moving average price is $92.31 and its 200 day moving average price is $95.82. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 1.87 and a beta of 1.10.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. During the same period in the prior year, the company posted $0.94 earnings per share. On average, equities research analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, July 18th. Pentair’s dividend payout ratio is presently 25.84%.

Insider Buying and Selling

In other news, Director David A. /Wi Jones sold 6,558 shares of the business’s stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the sale, the director now owns 26,313 shares in the company, valued at approximately $2,366,591.22. The trade was a 19.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

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.