Rentokil Initial plc (NYSE:RTO) Shares Bought by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA grew its stake in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 499,880 shares of the company's stock after purchasing an additional 76,057 shares during the period. Rentokil Initial makes up 1.0% of Nichols & Pratt Advisers LLP MA's investment portfolio, making the stock its 28th biggest holding. Nichols & Pratt Advisers LLP MA owned about 0.10% of Rentokil Initial worth $14,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. FMR LLC lifted its stake in Rentokil Initial by 6.9% in the third quarter. FMR LLC now owns 923,730 shares of the company's stock valued at $34,224,000 after purchasing an additional 60,018 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Rentokil Initial by 43.0% during the third quarter. Envestnet Asset Management Inc. now owns 545,152 shares of the company's stock worth $20,198,000 after purchasing an additional 163,796 shares during the period. Motley Fool Wealth Management LLC purchased a new position in shares of Rentokil Initial in the fourth quarter worth about $12,490,000. Motley Fool Asset Management LLC bought a new stake in shares of Rentokil Initial in the fourth quarter valued at approximately $8,726,000. Finally, Raymond James & Associates lifted its stake in shares of Rentokil Initial by 7.5% during the 4th quarter. Raymond James & Associates now owns 283,966 shares of the company's stock valued at $8,124,000 after buying an additional 19,872 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RTO. BNP Paribas raised shares of Rentokil Initial from a "neutral" rating to an "outperform" rating in a report on Monday, March 18th. JPMorgan Chase & Co. started coverage on shares of Rentokil Initial in a research report on Tuesday, April 23rd. They issued a "neutral" rating for the company. Finally, Bank of America lowered shares of Rentokil Initial from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $40.00 to $29.00 in a report on Wednesday, January 24th.

Rentokil Initial Price Performance

Shares of NYSE:RTO traded up $0.26 on Friday, hitting $27.12. 502,729 shares of the company traded hands, compared to its average volume of 709,106. The stock has a 50 day simple moving average of $28.67 and a 200-day simple moving average of $27.63. Rentokil Initial plc has a 52 week low of $23.39 and a 52 week high of $41.55.

Rentokil Initial Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, April 5th will be given a dividend of $0.3784 per share. The ex-dividend date is Thursday, April 4th. This represents a dividend yield of 1.6%. This is an increase from Rentokil Initial's previous semi-annual dividend of $0.18.

About Rentokil Initial

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.