Affiance Financial LLC Takes Position in Pentair plc (NYSE:PNR)

Affiance Financial LLC acquired a new stake in shares of Pentair plc (NYSE:PNR) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 2,351 shares of the industrial products company’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PNR. Opal Wealth Advisors LLC bought a new stake in shares of Pentair during the second quarter valued at approximately $25,000. Crewe Advisors LLC raised its position in shares of Pentair by 376.1% during the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after buying an additional 267 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Pentair during the second quarter valued at approximately $48,000. LRI Investments LLC bought a new stake in shares of Pentair during the first quarter valued at approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Pentair during the second quarter valued at approximately $67,000. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

PNR stock opened at $97.63 on Monday. The firm has a market cap of $16.21 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 1.74 and a beta of 1.20. The firm has a 50-day simple moving average of $89.72 and a two-hundred day simple moving average of $83.90. Pentair plc has a one year low of $57.18 and a one year high of $98.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.14 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, equities analysts forecast that Pentair plc will post 4.26 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.94%. Pentair’s dividend payout ratio (DPR) is currently 24.47%.

Analysts Set New Price Targets

PNR has been the topic of several research reports. Barclays boosted their price target on shares of Pentair from $96.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada boosted their price target on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group boosted their price target on shares of Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.33.

About Pentair

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.