Machina Capital S.A.S. Purchases 4,583 Shares of Pentair plc (NYSE:PNR)

Machina Capital S.A.S. lifted its holdings in Pentair plc (NYSE:PNR - Free Report) by 41.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,577 shares of the industrial products company's stock after purchasing an additional 4,583 shares during the period. Machina Capital S.A.S.'s holdings in Pentair were worth $1,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNR. Parvin Asset Management LLC bought a new position in Pentair in the 4th quarter worth $25,000. Opal Wealth Advisors LLC bought a new position in Pentair in the 1st quarter worth approximately $28,000. Colonial Trust Co SC lifted its holdings in shares of 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 buying an additional 240 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Pentair in the first quarter valued at approximately $33,000. Finally, North Capital Inc. bought a new position in Pentair during the first quarter worth $38,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Trading Up 0.3%

Pentair stock traded up $0.35 during trading hours on Friday, reaching $103.20. 1,666,946 shares of the company's stock traded hands, compared to its average volume of 1,876,259. The firm has a market capitalization of $16.92 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 1.98 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.22 and a current ratio of 1.45. Pentair plc has a fifty-two week low of $74.25 and a fifty-two week high of $110.71. The firm's 50 day moving average is $101.60 and its 200-day moving average is $95.46.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The business's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 EPS. On average, analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 0.97%. Pentair's dividend payout ratio is presently 27.32%.

Insider Transactions at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the sale, the director owned 26,313 shares of the company's stock, valued at $2,366,591.22. This trade represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday. Stifel Nicolaus boosted their price target on shares of Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a report on Monday, July 21st. Oppenheimer lifted their target price on shares of Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday. Royal Bank Of Canada upped their price objective on Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Mizuho lifted their price objective on Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $115.46.

Pentair Company 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.