LPL Financial LLC Purchases 39,134 Shares of Pentair plc (NYSE:PNR)

LPL Financial LLC grew its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 60.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,563 shares of the industrial products company's stock after acquiring an additional 39,134 shares during the period. LPL Financial LLC owned 0.06% of Pentair worth $10,423,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quarry LP boosted its holdings in Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. boosted 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 valued at $34,000 after buying an additional 294 shares during the period. Eastern Bank boosted 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 valued at $51,000 after buying an additional 300 shares during the period. Proficio Capital Partners LLC acquired a new stake in Pentair during the fourth quarter worth approximately $55,000. Finally, Friedenthal Financial acquired a new position in Pentair in the 4th quarter valued at $56,000. Institutional investors own 92.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PNR shares. StockNews.com cut Pentair from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Northcoast Research raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Citigroup decreased their price objective on shares of Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Finally, Stifel Nicolaus cut their target price on Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Four research 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.27.

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Pentair Trading Down 2.0 %

Shares of NYSE PNR traded down $1.53 during midday trading on Tuesday, reaching $76.00. The stock had a trading volume of 1,895,809 shares, compared to its average volume of 1,480,447. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The company's 50 day moving average price is $91.08 and its 200 day moving average price is $98.16. The firm has a market cap of $12.53 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $970.95 million. During the same quarter in the previous year, the business earned $0.87 earnings per share. Pentair's revenue for the quarter was down 1.2% on a year-over-year basis. As a group, sell-side analysts expect that Pentair plc will post 4.77 EPS 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, April 17th. Pentair's payout ratio is 26.74%.

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.