Truist Financial Corp raised its holdings in shares of Pentair plc (NYSE:PNR – Free Report) by 8.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,457 shares of the industrial products company’s stock after buying an additional 834 shares during the quarter. Truist Financial Corp’s holdings in Pentair were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in PNR. Lindbrook Capital LLC grew its stake in shares of 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 purchasing an additional 154 shares during the period. Ieq Capital LLC increased its holdings in Pentair by 5.1% in the third quarter. Ieq Capital LLC now owns 4,217 shares of the industrial products company’s stock valued at $273,000 after buying an additional 206 shares in the last quarter. Quent Capital LLC raised its position in shares of Pentair by 112.7% in 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 during the period. EverSource Wealth Advisors LLC boosted its stake in shares of 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 acquiring an additional 271 shares in the last quarter. Finally, United Asset Strategies Inc. grew its position in shares of Pentair by 2.5% during the 3rd quarter. United Asset Strategies Inc. now owns 11,648 shares of the industrial products company’s stock valued at $754,000 after acquiring an additional 285 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on PNR shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $91.00 price target on shares of Pentair in a research report on Friday, March 22nd. Stifel Nicolaus boosted their price target on shares of Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Barclays lifted their target price on shares of Pentair from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. TD Cowen upped their price target on shares of Pentair from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, BNP Paribas started coverage on Pentair in a report on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.93.
View Our Latest Research Report on Pentair
Pentair Price Performance
Pentair stock opened at $85.08 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.63. The stock has a market cap of $14.12 billion, a P/E ratio of 22.63, a PEG ratio of 1.42 and a beta of 1.24. The company has a 50-day moving average price of $81.79 and a 200 day moving average price of $73.87. Pentair plc has a 12-month low of $55.26 and a 12-month high of $85.84.
Pentair (NYSE:PNR – Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $0.91 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. Sell-side analysts anticipate that Pentair plc will post 4.24 earnings per share for the current year.
Pentair Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.92 annualized dividend and a yield of 1.08%. Pentair’s dividend payout ratio (DPR) is currently 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.
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Source: defenseworld.net
