Bridgefront Capital LLC Purchases New Shares in Pentair plc (NYSE:PNR)

Bridgefront Capital LLC acquired a new stake in Pentair plc (NYSE:PNR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,067 shares of the industrial products company's stock, valued at approximately $409,000.

Several other institutional investors and hedge funds also recently modified their holdings of PNR. Independent Advisor Alliance lifted its position in shares of Pentair by 1.4% during the fourth quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock worth $768,000 after purchasing an additional 103 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Pentair by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock valued at $120,000 after purchasing an additional 118 shares during the last quarter. Richardson Financial Services Inc. grew its stake in Pentair by 16.1% during the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 127 shares in the last quarter. Annex Advisory Services LLC increased its holdings in Pentair by 2.9% during the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company's stock worth $540,000 after purchasing an additional 151 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Pentair by 1.3% in the 4th quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company's stock valued at $1,251,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Stock Performance

Pentair stock traded down $0.01 during mid-day trading on Friday, hitting $93.52. 1,195,867 shares of the company's stock traded hands, compared to its average volume of 1,499,509. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The firm has a 50 day moving average price of $86.52 and a 200 day moving average price of $96.46. The company has a market cap of $15.39 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.10. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same quarter in the prior year, the company posted $0.94 earnings per share. On average, equities analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, July 18th. Pentair's dividend payout ratio (DPR) is presently 25.84%.

Insider Transactions at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the business's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the sale, the director now directly owns 26,313 shares in the company, valued at approximately $2,366,591.22. The trade was a 19.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PNR. Barclays lifted their price target on shares of Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Citigroup cut their price objective on Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Mizuho set a $100.00 target price on Pentair in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus reduced their price objective on Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $106.93.

Pentair 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.