19,664 Shares of Pentair plc $PNR Acquired by Oregon Public Employees Retirement Fund

Key Points

• Oregon Public Employees Retirement Fund acquired 19,664 Pentair shares in the third quarter, valued at about $1.04 million; institutional investors own 92.37% of the company.
• Pentair beat quarterly earnings and revenue estimates, reporting EPS of $1.18 versus $1.07 expected and revenue of $976.4 million versus $963.7 million. Revenue was down 4.5% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $76.59; the company also pays an annualized dividend of $1.08 per share, yielding about 1.5%.

Oregon Public Employees Retirement Fund bought a new stake in Pentair plc (NYSE:PNR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,664 shares of the industrial products company's stock, valued at approximately $1,042,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PNR. Tsfg LLC bought a new position in Pentair in the second quarter valued at approximately $37,000. Next Level Wealth Planning LLC acquired a new position in Pentair during the third quarter valued at approximately $37,000. Sound Financial Strategies Group LLC bought a new stake in Pentair during the second quarter worth $38,000. Plan A Wealth LLC bought a new stake in Pentair during the second quarter worth $38,000. Finally, Livelsberger Financial Advisory bought a new stake in Pentair during the third quarter worth $40,000. Institutional investors own 92.37% of the company's stock.

Analyst Upgrades and Downgrades

PNR has been the topic of several recent analyst reports. TD Cowen upgraded Pentair from a "sell" rating to a "hold" rating and decreased their price target for the company from $65.00 to $55.00 in a research note on Wednesday, October 14th. Oppenheimer dropped their price objective on Pentair from $94.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, October 21st. The Goldman Sachs Group set a $66.00 price objective on Pentair in a research note on Wednesday, October 28th. Robert W. Baird set a $78.00 price objective on Pentair in a research note on Wednesday, October 28th. Finally, Stifel Nicolaus cut Pentair from a "buy" rating to a "hold" rating and decreased their target price for the company from $103.00 to $65.00 in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $76.59.

Pentair Stock Up 2.9%

Shares of NYSE:PNR opened at $70.10 on Tuesday. The company has a fifty day moving average of $57.62 and a 200-day moving average of $75.38. The company has a market capitalization of $11.19 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.77 and a current ratio of 1.47. Pentair plc has a 52-week low of $51.13 and a 52-week high of $109.89.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.11. Pentair had a return on equity of 20.10% and a net margin of 15.44%. The business had revenue of $976.40 million for the quarter, compared to analyst estimates of $963.71 million. During the same quarter in the previous year, the company posted $1.24 EPS. Pentair's quarterly revenue was down 4.5% compared to the same quarter last year. On average, equities analysts predict that Pentair plc will post 4.70 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 6th. Stockholders of record on Friday, October 23rd were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, October 23rd. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. Pentair's dividend payout ratio (DPR) is presently 28.65%.

Pentair Profile

Pentair plc is a water solutions company that develops and supplies products and services for managing, treating and moving water. Its offerings include water filtration and treatment systems, pumps, valves and related equipment for residential, commercial, industrial and agricultural customers.

The company also serves the pool and spa market, providing equipment and systems such as pumps, filters, heaters and water-care products. Pentair serves customers in markets around the world.

Founded in 1966, Pentair has evolved from its origins as a diversified manufacturer into a company focused on water-related businesses.

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