PharVision Advisers LLC Purchases New Position in Pentair plc (NYSE:PNR)

PharVision Advisers LLC bought a new position in Pentair plc (NYSE:PNR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,663 shares of the industrial products company's stock, valued at approximately $268,000.

Other large investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new position in shares of Pentair during the 4th quarter valued at $25,000. SJS Investment Consulting Inc. increased its position in Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 294 shares during the last quarter. Colonial Trust Co SC lifted its holdings in Pentair by 230.8% in the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 240 shares during the period. Proficio Capital Partners LLC purchased a new position in Pentair in the fourth quarter worth about $55,000. Finally, Intact Investment Management Inc. purchased a new position in Pentair in the fourth quarter worth about $60,000. Institutional investors own 92.37% of the company's stock.

Insider Transactions at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of Pentair stock in a transaction on 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PNR shares. Robert W. Baird lowered their price objective on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Mizuho set a $100.00 target price on shares of Pentair in a report on Tuesday, April 22nd. Barclays increased their price target on shares of Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Citigroup cut their price objective on shares of Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen raised Pentair from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Pentair presently has a consensus rating of "Buy" and a consensus price target of $107.14.

Pentair Price Performance

NYSE:PNR traded up $2.53 on Tuesday, reaching $99.32. 308,938 shares of the company's stock traded hands, compared to its average volume of 1,510,593. The stock has a 50-day simple moving average of $88.96 and a 200-day simple moving average of $96.26. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The firm has a market cap of $16.34 billion, a PE ratio of 26.58, a P/E/G ratio of 1.87 and a beta of 1.11. 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 (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.10. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.38 million. During the same quarter last year, the company earned $0.94 EPS. Equities research analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently disclosed 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 1.01%. The ex-dividend date of this dividend is Friday, July 18th. Pentair's payout ratio is currently 25.84%.

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.