Pentair plc $PNR Shares Newly Purchased by Compass Wealth Management LLC

Key Points

• Compass Wealth Management purchased 25,022 Pentair shares worth approximately $1.33 million in the third quarter. Institutional investors collectively own 92.37% of the company.
• Analyst sentiment is mixed, with Pentair receiving a consensus “Hold” rating and an average price target of $76.19; recent targets ranged from $60 to $91.
• Pentair reported quarterly EPS of $1.14, slightly above estimates, but revenue fell 17% year over year to $932.6 million. The company also declared a quarterly dividend of $0.27 per share, implying a 1.9% yield.

Compass Wealth Management LLC bought a new stake in Pentair plc (NYSE:PNR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,022 shares of the industrial products company's stock, valued at approximately $1,326,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC boosted its position in Pentair by 1,459.8% during the 1st quarter. Hsbc Holdings PLC now owns 1,270,578 shares of the industrial products company's stock worth $110,617,000 after acquiring an additional 1,189,122 shares during the last quarter. Vest Financial LLC bought a new position in shares of Pentair during the 3rd quarter worth approximately $41,204,000. Amundi raised its holdings in shares of Pentair by 13.1% in the first quarter. Amundi now owns 4,237,659 shares of the industrial products company's stock valued at $369,208,000 after purchasing an additional 491,758 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Pentair by 52.9% in the first quarter. First Trust Advisors LP now owns 1,215,064 shares of the industrial products company's stock valued at $105,844,000 after purchasing an additional 420,140 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Pentair in the first quarter valued at approximately $28,717,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stifel Nicolaus restated a "hold" rating and set a $65.00 target price (down from $103.00) on shares of Pentair in a report on Thursday, July 16th. Wolfe Research raised shares of Pentair from a "peer perform" rating to an "outperform" rating and set a $91.00 target price for the company in a research report on Tuesday, September 15th. Oppenheimer lowered their price target on shares of Pentair from $94.00 to $84.00 and set an "outperform" rating on the stock in a research note on Wednesday. The Goldman Sachs Group cut their price target on shares of Pentair from $73.00 to $60.00 and set a "neutral" rating on the stock in a research report on Friday, October 9th. Finally, Weiss Ratings downgraded shares of Pentair from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Pentair presently has a consensus rating of "Hold" and an average target price of $76.19.

Pentair Stock Performance

NYSE PNR opened at $55.43 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. The firm's fifty day moving average price is $57.03 and its two-hundred day moving average price is $68.86. Pentair plc has a 1 year low of $51.13 and a 1 year high of $111.94. The firm has a market capitalization of $8.85 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.02. The company had revenue of $932.60 million during the quarter, compared to the consensus estimate of $943.24 million. Pentair had a net margin of 16.24% and a return on equity of 20.62%. The company's quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.39 EPS. As a group, research analysts anticipate that Pentair plc will post 4.63 EPS for the current year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, October 23rd. Pentair's dividend payout ratio (DPR) is 27.14%.

About Pentair

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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