Cetera Investment Advisers grew its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,634 shares of the industrial products company's stock after purchasing an additional 7,183 shares during the quarter. Cetera Investment Advisers' holdings in Pentair were worth $6,605,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Parvin Asset Management LLC acquired a new position in shares of Pentair in the fourth quarter worth about $25,000. SJS Investment Consulting Inc. lifted its stake in shares of Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after acquiring an additional 294 shares in the last quarter. Eastern Bank lifted its stake in shares of Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after acquiring an additional 300 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Pentair in the fourth quarter worth about $55,000. Finally, Friedenthal Financial acquired a new position in shares of Pentair in the fourth quarter worth about $56,000. Institutional investors and hedge funds own 92.37% of the company's stock.
Pentair Stock Performance
PNR opened at $98.13 on Tuesday. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The business has a 50 day moving average price of $86.66 and a two-hundred day moving average price of $96.43. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92.
Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. During the same quarter in the prior year, the firm earned $0.94 EPS. Research analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.
Pentair Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, July 18th. Pentair's dividend payout ratio (DPR) is currently 25.84%.
Insider Buying and Selling at Pentair
In related news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the sale, the director now directly owns 26,313 shares in the company, valued at approximately $2,366,591.22. This trade represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.
Wall Street Analyst Weigh In
PNR has been the topic of several recent analyst reports. StockNews.com cut Pentair from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. UBS Group lowered their price objective on Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Barclays boosted their price objective on Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Northcoast Research raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Finally, Stifel Nicolaus lowered their price objective on Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $106.93.
View Our Latest Stock Report on Pentair
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.
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