Sei Investments Co. Cuts Stock Holdings in Pentair plc (NYSE:PNR)

Sei Investments Co. lessened its holdings in Pentair plc (NYSE:PNR – Free Report) by 10.1% in the 4th quarter, according to its most recent filing with the SEC.

The firm owned 46,895 shares of the industrial products company’s stock after selling 5,262 shares during the period. Sei Investments Co.’s holdings in Pentair were worth $4,720,000 at the end of the most recent quarter.



A number of other hedge funds and other institutional investors have also recently modified their holdings of PNR. Quarry LP boosted its position in Pentair by 105.5% during the 3rd quarter.

Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 134 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Pentair by 753.

8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 294 shares during the last quarter.

Eastern Bank boosted its position in 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 purchasing an additional 300 shares in the last quarter.

Proficio Capital Partners LLC purchased a new position in Pentair in the fourth quarter valued at about $55,000. Finally, Friedenthal Financial bought a new position in Pentair in the fourth quarter worth about $56,000. 92.

37% of the stock is currently owned by institutional investors. Pentair Stock PerformancePNR opened at $89.14 on Thursday.

The firm has a market capitalization of $14.69 billion, a PE ratio of 23.83, a P/E/G ratio of 1.

87 and a beta of 1.23. The firm has a 50 day moving average of $93.

57 and a two-hundred day moving average of $98.73. Pentair plc has a 12-month low of $72.

63 and a 12-month 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.

Pentair (NYSE:PNR – Get Free Report) last released its quarterly earnings data 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 business had revenue of $972.

90 million during the quarter, compared to analyst estimates of $970.95 million. During the same quarter last year, the business posted $0.

87 EPS. The company’s revenue was down 1.2% on a year-over-year basis.

On average, analysts anticipate that Pentair plc will post 4.77 EPS for the current year. Pentair Announces DividendThe company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd.

Stockholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th.

This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%.

Pentair’s payout ratio is 26.74%. Analyst Ratings ChangesA number of analysts have recently weighed in on PNR shares.

Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Robert W. Baird raised shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.

00 price target on the stock in a report on Tuesday, March 25th. Citigroup decreased their price objective on Pentair from $126.00 to $119.

00 and set a “buy” rating for the company in a report on Monday, January 13th. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th.

Finally, Baird R W upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.

27.Check Out Our Latest Stock Report on PentairPentair Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than PentairInsider Buying Explained: What Investors Need to KnowHomebuilders in Freefall: Bargain Opportunity or Falling Knife?How to Know if a Stock Pays Dividends and When They Are Paid OutThe 3 Most Talked About Investments on WallStreetBets Right NowBusiness Services Stocks InvestingAnalyst Targets Signal More Growth in CrowdStrike Stock.