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Point72 Europe London LLP Acquires Shares of 12,663 Pentair plc (NYSE:PNR)

Pentair logo with Industrial Products background

Point72 Europe London LLP acquired a new stake in Pentair plc (NYSE:PNR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,663 shares of the industrial products company's stock, valued at approximately $921,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lindbrook Capital LLC lifted its stake in Pentair by 82.4% in the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company's stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Quent Capital LLC grew its stake in shares of Pentair by 112.7% during the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company's stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Operose Advisors LLC purchased a new position in Pentair in the third quarter valued at $34,000. Rational Advisors LLC purchased a new stake in Pentair during the 3rd quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Pentair by 24.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Insider Activity at Pentair

In other Pentair news, CEO Jerome O. Pedretti sold 24,747 shares of the firm's stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the sale, the chief executive officer now directly owns 38,538 shares of the company's stock, valued at approximately $3,254,534.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.28% of the stock is currently owned by corporate insiders.

Pentair Price Performance

Shares of PNR traded up $2.07 on Wednesday, reaching $79.99. The stock had a trading volume of 1,048,561 shares, compared to its average volume of 1,530,504. Pentair plc has a twelve month low of $57.18 and a twelve month high of $85.84. The firm has a market capitalization of $13.28 billion, a PE ratio of 21.27, a PEG ratio of 1.35 and a beta of 1.22. The firm has a 50-day moving average of $81.12 and a 200 day moving average of $76.55. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.63.

Pentair (NYSE:PNR - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Pentair had a return on equity of 20.16% and a net margin of 15.30%. Pentair's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. Sell-side analysts expect that Pentair plc will post 4.24 EPS for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Friday, July 19th. Pentair's dividend payout ratio is presently 24.47%.

Wall Street Analysts Forecast Growth

PNR has been the topic of several research analyst reports. KeyCorp lifted their price target on Pentair from $82.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, March 7th. Royal Bank of Canada upped their price target on Pentair from $101.00 to $103.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. UBS Group lifted their price objective on shares of Pentair from $83.00 to $91.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. BNP Paribas began coverage on shares of Pentair in a research report on Tuesday, March 12th. They set a "neutral" rating and a $86.00 price objective for the company. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 target price on shares of Pentair in a report on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $89.93.

View Our Latest Report on PNR

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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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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