17,225 Shares of Pentair plc $PNR Acquired by D.A. Davidson & CO.

Key Points

• D.A. Davidson acquired 17,225 Pentair shares in the third quarter, valued at approximately $913,000. Institutional investors collectively own 92.37% of the company’s shares.
• Pentair beat quarterly earnings and revenue estimates, reporting EPS of $1.18 and revenue of $976.4 million, though revenue declined 4.5% year over year.
• The company declared a quarterly dividend of $0.27 per share, equivalent to a 1.5% yield. Analysts’ consensus rating is “Hold,” with an average price target of $76.59.

D.A. Davidson & CO. acquired a new stake in shares of Pentair plc (NYSE:PNR - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,225 shares of the industrial products company's stock, valued at approximately $913,000.

Several other large investors have also bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in shares of Pentair by 1,459.8% during the first quarter. Hsbc Holdings PLC now owns 1,270,578 shares of the industrial products company's stock valued at $110,617,000 after buying an additional 1,189,122 shares during the last quarter. Vest Financial LLC bought a new position in Pentair in the 3rd quarter valued at approximately $41,204,000. Robeco Schweiz AG purchased a new stake in Pentair during the 3rd quarter valued at $27,859,000. Amundi boosted its stake in Pentair by 13.1% during the 1st quarter. Amundi now owns 4,237,659 shares of the industrial products company's stock valued at $369,208,000 after purchasing an additional 491,758 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Pentair by 52.9% in the 1st quarter. First Trust Advisors LP now owns 1,215,064 shares of the industrial products company's stock worth $105,844,000 after purchasing an additional 420,140 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Stock Performance

Shares of PNR opened at $69.78 on Friday. The firm has a market capitalization of $11.14 billion, a P/E ratio of 18.51, a PEG ratio of 1.69 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 0.77. Pentair plc has a one year low of $51.13 and a one year high of $109.89. The business has a fifty day moving average of $57.33 and a 200 day moving average of $75.75.

Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, October 27th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.11. The business had revenue of $976.40 million for the quarter, compared to analysts' expectations of $963.71 million. Pentair had a return on equity of 20.10% and a net margin of 15.44%. The business's revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the firm posted $1.24 earnings per share. As a group, sell-side analysts anticipate that Pentair plc will post 4.70 EPS for the current year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, October 23rd. Pentair's payout ratio is 28.65%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PNR shares. The Goldman Sachs Group set a $66.00 price target on Pentair in a report on Wednesday, October 28th. Wolfe Research raised Pentair from a "peer perform" rating to an "outperform" rating and set a $91.00 target price for the company in a research report on Tuesday, September 15th. Royal Bank Of Canada upped their target price on shares of Pentair from $61.00 to $69.00 and gave the company a "sector perform" rating in a research note on Wednesday, October 28th. TD Cowen raised shares of Pentair from a "sell" rating to a "hold" rating and dropped their price target for the company from $65.00 to $55.00 in a report on Wednesday, October 14th. Finally, Stifel Nicolaus lowered shares of Pentair from a "buy" rating to a "hold" rating and reduced their price target for the stock from $103.00 to $65.00 in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $76.59.

Pentair Company Profile

Pentair plc NYSE: PNR is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.

The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.

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