Machina Capital S.A.S. purchased a new position in Pentair plc (NYSE:PNR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,994 shares of the industrial products company's stock, valued at approximately $1,106,000.
A number of other institutional investors have also made changes to their positions in PNR. Edgestream Partners L.P. increased its stake in Pentair by 73.0% in the fourth quarter. Edgestream Partners L.P. now owns 62,382 shares of the industrial products company's stock valued at $6,278,000 after purchasing an additional 26,331 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Pentair in the 4th quarter valued at $216,000. Inceptionr LLC bought a new stake in shares of Pentair in the 4th quarter valued at $1,772,000. Raymond James Financial Inc. acquired a new stake in Pentair during the 4th quarter worth $14,989,000. Finally, Arizona State Retirement System lifted its holdings in Pentair by 1.1% during the fourth quarter. Arizona State Retirement System now owns 48,068 shares of the industrial products company's stock worth $4,838,000 after acquiring an additional 502 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.
Pentair Stock Performance
NYSE:PNR traded down $0.49 during mid-day trading on Wednesday, hitting $85.57. The stock had a trading volume of 1,544,968 shares, compared to its average volume of 1,490,457. The company's 50 day simple moving average is $97.73 and its 200 day simple moving average is $98.74. The stock has a market cap of $14.10 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71.
Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same quarter in the previous year, the firm posted $0.87 EPS. Pentair's revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.
Pentair Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is presently 26.74%.
Wall Street Analyst Weigh In
PNR has been the subject of several recent analyst reports. Citigroup lowered their price target on Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a report on Monday, January 13th. Robert W. Baird increased their target price on Pentair from $106.00 to $114.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Barclays lifted their price target 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. Stifel Nicolaus lowered their price objective on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, StockNews.com raised shares of Pentair from a "hold" rating to a "buy" rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Pentair currently has an average rating of "Moderate Buy" and a consensus target price of $111.25.
View Our Latest Stock Analysis 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.
See Also
Before you consider Pentair, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pentair wasn't on the list.
While Pentair currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
