Raymond James Financial Inc. bought a new position in shares of Pentair plc (NYSE:PNR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 148,932 shares of the industrial products company's stock, valued at approximately $14,989,000. Raymond James Financial Inc. owned 0.09% of Pentair at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of PNR. SJS Investment Consulting Inc. grew its position in shares of Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after buying an additional 294 shares during the last quarter. Eastern Bank increased its position in Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 300 shares during the period. Proficio Capital Partners LLC bought a new position in Pentair in the 4th quarter worth $55,000. Friedenthal Financial purchased a new stake in shares of Pentair in the 4th quarter worth about $56,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Pentair during the 4th quarter valued at about $60,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on PNR shares. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Stifel Nicolaus lowered their target price on Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Robert W. Baird dropped their price target on Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a research report on Wednesday. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Finally, UBS Group dropped their target price on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $106.93.
Get Our Latest Research Report on PNR
Pentair Stock Down 0.1 %
Shares of NYSE PNR traded down $0.12 during midday trading on Friday, hitting $90.06. The stock had a trading volume of 441,121 shares, compared to its average volume of 1,502,573. The company has a market cap of $14.86 billion, a P/E ratio of 24.09, a PEG ratio of 1.87 and a beta of 1.13. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The business's 50 day moving average is $86.90 and its 200-day moving average is $96.95. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71.
Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.01 by $0.10. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.38 million. During the same period last year, the business posted $0.94 EPS. As a group, analysts predict that Pentair plc will post 4.77 EPS for the current year.
Pentair Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is 25.84%.
About Pentair
(
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.
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