Claro Advisors LLC Purchases New Holdings in Pentair plc (NYSE:PNR)

Claro Advisors LLC purchased a new stake in Pentair plc (NYSE:PNR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,962 shares of the industrial products company's stock, valued at approximately $974,000.

A number of other hedge funds have also modified their holdings of PNR. Global Retirement Partners LLC lifted its holdings in shares of Pentair by 30.6% in the 3rd quarter. Global Retirement Partners LLC now owns 3,843 shares of the industrial products company's stock worth $376,000 after acquiring an additional 900 shares during the last quarter. Swedbank AB raised its position in Pentair by 17.9% in the third quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company's stock valued at $132,141,000 after purchasing an additional 205,000 shares during the period. Creative Planning lifted its stake in Pentair by 9.7% during the third quarter. Creative Planning now owns 17,180 shares of the industrial products company's stock worth $1,680,000 after purchasing an additional 1,519 shares in the last quarter. CX Institutional purchased a new position in shares of Pentair during the third quarter worth $238,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Pentair in the third quarter valued at $696,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PNR shares. The Goldman Sachs Group raised their target price on Pentair from $85.00 to $93.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Stifel Nicolaus upped their target price on shares of Pentair from $101.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday. KeyCorp raised their price target on shares of Pentair from $97.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Mizuho upped their price objective on Pentair from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Royal Bank of Canada lifted their target price on Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $95.93.

Pentair Stock Down 0.0 %

PNR traded down $0.02 on Friday, reaching $99.04. The company's stock had a trading volume of 1,445,864 shares, compared to its average volume of 1,555,261. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51. Pentair plc has a fifty-two week low of $57.18 and a fifty-two week high of $99.95. The stock has a 50 day moving average of $91.36 and a two-hundred day moving average of $84.40. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.77 and a beta of 1.20.

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

Pentair Announces Dividend

The company 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 $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, October 18th. Pentair's payout ratio is currently 23.29%.

Pentair Company 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.