GF Fund Management CO. LTD. purchased a new stake in shares of Pentair plc (NYSE:PNR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,333 shares of the industrial products company's stock, valued at approximately $335,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. boosted its holdings in Pentair by 6.9% in the 4th quarter. Atomi Financial Group Inc. now owns 3,837 shares of the industrial products company's stock worth $386,000 after buying an additional 249 shares during the period. SG Americas Securities LLC lifted its position in shares of Pentair by 140.6% during the fourth quarter. SG Americas Securities LLC now owns 35,247 shares of the industrial products company's stock worth $3,547,000 after acquiring an additional 20,597 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Pentair by 116.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 22,793 shares of the industrial products company's stock worth $2,294,000 after acquiring an additional 12,246 shares during the period. PFG Investments LLC grew its position in shares of Pentair by 6.8% in the fourth quarter. PFG Investments LLC now owns 3,813 shares of the industrial products company's stock valued at $384,000 after purchasing an additional 244 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Pentair by 59.6% during the 4th quarter. Blue Trust Inc. now owns 838 shares of the industrial products company's stock valued at $82,000 after buying an additional 313 shares in the last quarter. Institutional investors own 92.37% of the company's stock.
Pentair Stock Up 0.9%
NYSE PNR traded up $0.84 during trading hours on Thursday, reaching $99.65. 805,163 shares of the company's stock traded hands, compared to its average volume of 1,504,669. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The firm has a 50-day simple moving average of $89.42 and a 200 day simple moving average of $96.30. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71. The firm has a market cap of $16.40 billion, a PE ratio of 26.64, a PEG ratio of 1.87 and a beta of 1.11.
Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.01 by $0.10. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.38 million. During the same period in the prior year, the firm posted $0.94 EPS. Sell-side analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.
Pentair Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. Pentair's dividend payout ratio (DPR) is 25.84%.
Analyst Ratings Changes
Several brokerages recently commented on PNR. Robert W. Baird reduced their price objective on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Mizuho set a $100.00 price target on shares of Pentair in a report on Tuesday, April 22nd. UBS Group decreased their price target on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Royal Bank of Canada increased their price objective on Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Finally, The Goldman Sachs Group set a $95.00 target price on Pentair and gave the company a "neutral" rating in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $107.14.
Get Our Latest Analysis on Pentair
Insiders Place Their Bets
In related news, Director David A. /Wi Jones sold 6,558 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.
Pentair Company Profile
(
Free Report)
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.
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