US Bancorp DE increased its position in Pentair plc (NYSE:PNR – Free Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,698 shares of the industrial products company’s stock after purchasing an additional 2,695 shares during the period. US Bancorp DE owned approximately 0.12% of Pentair worth $13,866,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in Pentair by 82.4% in 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 in the last quarter. Quent Capital LLC boosted its stake in Pentair by 112.7% in 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. Operose Advisors LLC bought a new position in Pentair in the 3rd quarter worth about $34,000. Rational Advisors LLC bought a new position in Pentair in the 3rd quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Pentair by 62.7% in 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. Institutional investors own 92.37% of the company’s stock.
Insider Activity at Pentair
In related news, CEO Jerome O. Pedretti sold 24,747 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the completion of the transaction, the chief executive officer now directly owns 38,538 shares in the company, valued at approximately $3,254,534.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.28% of the stock is currently owned by corporate insiders.
Pentair Trading Up 0.3 %
Shares of NYSE:PNR opened at $82.75 on Monday. The stock has a 50 day moving average of $82.12 and a 200 day moving average of $75.12. The company has a market cap of $13.74 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.63. 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 data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. As a group, equities research analysts expect that Pentair plc will post 4.24 EPS 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 paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.11%. Pentair’s dividend payout ratio (DPR) is presently 24.47%.
Analyst Ratings Changes
PNR has been the subject of a number of recent analyst reports. UBS Group boosted their target price on Pentair from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group reissued a “neutral” rating and issued a $91.00 target price on shares of Pentair in a research report on Friday, March 22nd. Stifel Nicolaus boosted their target price on Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Oppenheimer boosted their target price on Pentair from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.93.
Get Our Latest Stock Analysis on PNR
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.
Further Reading
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Source: defenseworld.net
