Stratos Wealth Partners LTD. Makes New Investment in Pentair plc (NYSE:PNR)

Stratos Wealth Partners LTD. purchased a new stake in Pentair plc (NYSE:PNR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,867 shares of the industrial products company's stock, valued at approximately $289,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP grew its position in shares of 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. 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 valued at $34,000 after purchasing an additional 294 shares during the period. Blue Trust Inc. grew its position in shares of Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 327 shares during the period. Eastern Bank grew its position in shares of Pentair by 144.9% in 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. Finally, Friedenthal Financial acquired a new position in shares of Pentair in the 4th quarter valued at approximately $56,000. 92.37% of the stock is owned by institutional investors.

Pentair Stock Performance

PNR traded down $0.48 during trading hours on Monday, reaching $96.71. The company's stock had a trading volume of 1,161,852 shares, compared to its average volume of 1,455,971. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The company's 50-day moving average is $101.58 and its 200-day moving average is $97.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.91 and a current ratio of 1.60. The firm has a market cap of $15.98 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $972.90 million for the quarter, compared to analysts' expectations of $970.95 million. During the same quarter in the prior year, the business earned $0.87 EPS. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, January 24th. This is a boost from Pentair's previous quarterly dividend of $0.23. Pentair's dividend payout ratio is 26.74%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PNR. JPMorgan Chase & Co. boosted their price objective on Pentair from $106.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Robert W. Baird upped their price target on Pentair from $106.00 to $114.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group upped their price target on Pentair from $93.00 to $103.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Wolfe Research initiated coverage on Pentair in a research report on Tuesday, November 26th. They set an "outperform" rating and a $125.00 price target for the company. Finally, Northcoast Research raised Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Pentair presently has an average rating of "Moderate Buy" and a consensus price target of $111.25.

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.