Free Trial

40,000 Shares in Pentair plc (NYSE:PNR) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Pentair logo with Industrial Products background

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Pentair plc (NYSE:PNR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,000 shares of the industrial products company's stock, valued at approximately $2,908,000.

A number of other institutional investors have also recently bought and sold shares of PNR. Lindbrook Capital LLC raised its holdings in Pentair by 82.4% during the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company's stock valued at $25,000 after buying an additional 154 shares in the last quarter. M&T Bank Corp raised its holdings in Pentair by 0.5% during the fourth quarter. M&T Bank Corp now owns 32,590 shares of the industrial products company's stock valued at $2,369,000 after buying an additional 172 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Pentair by 24.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company's stock valued at $64,000 after buying an additional 173 shares in the last quarter. Ieq Capital LLC raised its holdings in Pentair by 5.0% during the fourth quarter. Ieq Capital LLC now owns 4,426 shares of the industrial products company's stock valued at $322,000 after buying an additional 209 shares in the last quarter. Finally, Quent Capital LLC increased its stake in shares of Pentair by 112.7% in 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 during the period. Institutional investors and hedge funds own 92.37% of the company's stock.


Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PNR shares. The Goldman Sachs Group reiterated a "neutral" rating and issued a $91.00 price objective on shares of Pentair in a research note on Friday, March 22nd. Stifel Nicolaus lifted their price objective on Pentair from $88.00 to $94.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. BNP Paribas started coverage on Pentair in a research note on Tuesday, March 12th. They issued a "neutral" rating and a $86.00 price objective on the stock. TD Cowen lifted their price objective on Pentair from $80.00 to $85.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada lifted their price objective on Pentair from $101.00 to $103.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $89.93.

Read Our Latest Report on PNR

Pentair Trading Up 2.0 %

Shares of Pentair stock traded up $1.57 on Tuesday, hitting $79.59. 1,533,064 shares of the company's stock traded hands, compared to its average volume of 1,521,108. The firm's 50-day moving average price is $80.75 and its two-hundred day moving average price is $76.96. The stock has a market capitalization of $13.21 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 1.33 and a beta of 1.22. Pentair plc has a one year low of $57.18 and a one year high of $85.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17.

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

Pentair Dividend Announcement

The company 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 $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, July 19th. Pentair's dividend payout ratio is currently 24.47%.

Insider Activity at Pentair

In related news, CEO Jerome O. Pedretti sold 24,747 shares of the company's stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total value of $2,089,884.15. Following the completion of the sale, the chief executive officer now owns 38,538 shares in the company, valued at approximately $3,254,534.10. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.28% of the stock is owned by corporate insiders.

Pentair 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.

Featured Stories

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

Should you invest $1,000 in Pentair right now?

Before you consider Pentair, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pentair wasn't on the list.

While Pentair currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Stocks to Own in 2024 Cover

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

CPI News Breakdown: Key Market Moves to Follow
Understanding Oversold Stocks
Inside Pelosi’s Latest Stock Moves

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines