Berry Wealth Group LP Makes New $267,000 Investment in Pentair plc (NYSE:PNR)

Berry Wealth Group LP purchased a new stake in Pentair plc (NYSE:PNR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,049 shares of the industrial products company's stock, valued at approximately $267,000.

Several other large investors have also modified their holdings of PNR. Parvin Asset Management LLC acquired a new stake in Pentair during the fourth quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in Pentair during the first quarter worth approximately $28,000. Colonial Trust Co SC boosted its position in Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after acquiring an additional 240 shares during the last quarter. NBC Securities Inc. acquired a new stake in Pentair during the first quarter worth approximately $33,000. Finally, Versant Capital Management Inc boosted its position in Pentair by 128.4% during the first quarter. Versant Capital Management Inc now owns 507 shares of the industrial products company's stock worth $44,000 after acquiring an additional 285 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Stock Up 2.4%

NYSE PNR opened at $99.64 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 1.22. The company's 50 day simple moving average is $94.61 and its 200 day simple moving average is $95.08. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The company has a market capitalization of $16.39 billion, a P/E ratio of 25.75, a PEG ratio of 1.86 and a beta of 1.10.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. Pentair had a net margin of 15.87% and a return on equity of 21.24%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.38 million. During the same period in the previous year, the firm earned $0.94 EPS. Equities research analysts expect that Pentair plc will post 4.77 earnings per share 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, July 18th. Pentair's payout ratio is presently 25.84%.

Analysts Set New Price Targets

A number of research firms have weighed in on PNR. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Royal Bank Of Canada raised their target price on shares of Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Barclays raised their target price on shares of Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. UBS Group cut their target price on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus cut their target price on shares of Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $107.14.

Insider Activity at Pentair

In related news, Director David A. /Wi Jones sold 6,558 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.45% of the stock is currently owned by insiders.

Pentair Profile

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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