Pentair plc (NYSE:PNR) Stake Raised by Global Retirement Partners LLC

Global Retirement Partners LLC raised its holdings in shares of Pentair plc (NYSE:PNR) by 33.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,112 shares of the industrial products company’s stock after acquiring an additional 1,269 shares during the quarter. Global Retirement Partners LLC’s holdings in Pentair were worth $514,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Richardson Financial Services Inc. grew its position in Pentair by 16.1% during the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 127 shares in the last quarter. Quarry LP boosted its stake in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares during the period. Annex Advisory Services LLC grew its holdings in shares of Pentair by 2.9% during the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 151 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of 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 acquiring an additional 161 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Pentair by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 27,893 shares of the industrial products company’s stock worth $2,807,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PNR shares. Robert W. Baird upped their target price on Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Wolfe Research began coverage on Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price objective on the stock. Barclays lifted their target price on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, Citigroup reduced their price objective on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.25.

Pentair Trading Down 2.5 %

Shares of Pentair stock opened at $92.89 on Monday. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The company’s fifty day simple moving average is $100.54 and its 200-day simple moving average is $98.21. The company has a market cap of $15.35 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 1.87 and a beta of 1.20. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. The company had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the business posted $0.87 EPS. As a group, sell-side analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were issued a $0.25 dividend. This is a boost from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 1.08%. Pentair’s dividend payout ratio is 26.74%.

Pentair Profile

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.