Tower Research Capital LLC TRC raised its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 189.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,615 shares of the industrial products company's stock after acquiring an additional 7,602 shares during the quarter. Tower Research Capital LLC TRC's holdings in Pentair were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of PNR. Independent Advisor Alliance grew its position in shares of Pentair by 1.4% during the fourth quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock valued at $768,000 after purchasing an additional 103 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Pentair by 11.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock worth $120,000 after acquiring an additional 118 shares in the last quarter. Richardson Financial Services Inc. boosted its position in shares of Pentair by 16.1% during the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 127 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Pentair by 2.9% in the fourth quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company's stock valued at $540,000 after purchasing an additional 151 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its position in Pentair by 1.3% in the fourth quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company's stock worth $1,251,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.
Pentair Stock Down 0.9 %
Shares of PNR stock traded down $0.83 during trading on Wednesday, reaching $89.46. The company's stock had a trading volume of 76,720 shares, compared to its average volume of 1,500,026. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The business has a fifty day moving average price of $86.55 and a 200-day moving average price of $96.81.
Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same quarter in the previous year, the business posted $0.94 earnings per share. Analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.
Pentair Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.12%. Pentair's dividend payout ratio (DPR) is currently 25.84%.
Insider Buying and Selling at Pentair
In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the company's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the sale, the director now directly owns 26,313 shares of the company's stock, valued at approximately $2,366,591.22. This represents a 19.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. KeyCorp reissued a "sector weight" rating and issued a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. UBS Group reduced their price objective on Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Citigroup dropped their target price on Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group set a $95.00 price target on Pentair and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $106.93.
Read Our Latest Stock Report on PNR
About Pentair
(
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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