Proficio Capital Partners LLC Makes New $55,000 Investment in Pentair plc (NYSE:PNR)

Proficio Capital Partners LLC bought a new stake in Pentair plc (NYSE:PNR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 54,652 shares of the industrial products company's stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PNR. Quarry LP boosted its stake in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 134 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 294 shares during the period. Eastern Bank increased its stake in 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 purchasing an additional 300 shares in the last quarter. Friedenthal Financial acquired a new stake in Pentair in the fourth quarter worth $56,000. Finally, True Wealth Design LLC boosted its position in shares of Pentair by 4,450.0% during the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company's stock worth $62,000 after purchasing an additional 623 shares in the last quarter. Institutional investors own 92.37% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Citigroup lowered their price objective on shares of Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Stifel Nicolaus dropped their price target on Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. StockNews.com upgraded Pentair from a "hold" rating to a "buy" rating in a report on Tuesday, March 11th. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Finally, KeyCorp reissued a "sector weight" rating and set a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Pentair has a consensus rating of "Moderate Buy" and a consensus target price of $112.27.

Remove Ads

Pentair Stock Up 0.8 %

NYSE PNR traded up $0.68 during trading hours on Monday, hitting $87.52. 1,440,995 shares of the company traded hands, compared to its average volume of 1,466,715. 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 business's 50-day moving average is $94.54 and its 200-day moving average is $98.84. The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 1.87 and a beta of 1.23. 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 released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same quarter in the prior year, the firm posted $0.87 EPS. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is presently 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.