28,393 Shares in Pentair plc $PNR Acquired by Mountain Pacific Investment Advisers LLC

Key Points

• Mountain Pacific Investment Advisers opened a position in Pentair, acquiring 28,393 shares valued at approximately $1.505 million; institutional investors collectively own 92.37% of the company.
• Pentair reported quarterly earnings of $1.18 per share and revenue of $976.4 million, beating analyst estimates on both measures, although revenue fell 4.5% year over year.
• Analysts have a consensus “Hold” rating and an average price target of $76.59. Pentair also declared a quarterly dividend of $0.27 per share, equivalent to a 1.6% annualized yield.

Mountain Pacific Investment Advisers LLC acquired a new stake in shares of Pentair plc (NYSE:PNR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,393 shares of the industrial products company's stock, valued at approximately $1,505,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tsfg LLC bought a new position in shares of Pentair during the 2nd quarter worth approximately $37,000. Next Level Wealth Planning LLC acquired a new stake in Pentair in the third quarter valued at approximately $37,000. Sound Financial Strategies Group LLC acquired a new stake in Pentair in the second quarter valued at approximately $38,000. Plan A Wealth LLC purchased a new position in Pentair in the second quarter worth $38,000. Finally, Livelsberger Financial Advisory purchased a new position in Pentair in the third quarter worth $40,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Price Performance

Shares of Pentair stock opened at $69.65 on Wednesday. The firm has a market cap of $11.12 billion, a PE ratio of 18.47, a P/E/G ratio of 1.66 and a beta of 1.01. Pentair plc has a twelve month low of $51.13 and a twelve month high of $109.89. The company has a quick ratio of 0.77, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $57.01 and a 200 day moving average price of $76.11.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.11. The business had revenue of $976.40 million during 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 was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share. Sell-side analysts predict that Pentair plc will post 4.70 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 23rd. Pentair's dividend payout ratio (DPR) is presently 28.65%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PNR. Wolfe Research raised Pentair from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a research report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $81.00 price target on shares of Pentair in a research report on Monday, July 27th. UBS Group set a $65.00 price target on Pentair in a research note on Wednesday, October 28th. Stifel Nicolaus lowered Pentair from a "buy" rating to a "hold" rating and cut their price objective for the company from $103.00 to $65.00 in a report on Thursday, July 16th. Finally, Royal Bank Of Canada increased their price objective on Pentair from $61.00 to $69.00 and gave the company a "sector perform" rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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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