Sciencast Management LP acquired a new stake in Pentair PLC (NYSE:PNR) in the 2nd quarter, HoldingsChannel reports. The fund acquired 14,892 shares of the industrial products company’s stock, valued at approximately $600,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. WASHINGTON TRUST Co purchased a new position in shares of Pentair in the first quarter valued at approximately $27,000. CFM Wealth Partners LLC purchased a new position in shares of Pentair in the first quarter valued at approximately $27,000. Ameritas Investment Company LLC purchased a new position in shares of Pentair in the first quarter valued at approximately $28,000. Ellevest Inc. raised its holdings in Pentair by 56.0% in the first quarter. Ellevest Inc. now owns 992 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 356 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Pentair in the second quarter valued at approximately $44,000. 85.96% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on the stock. Vertical Research raised shares of Pentair from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Friday, May 15th. Royal Bank of Canada lifted their target price on shares of Pentair from $39.00 to $44.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Oppenheimer lifted their target price on shares of Pentair from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Bank of America raised shares of Pentair from an “underperform” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Thursday, July 9th. Finally, Zacks Investment Research raised shares of Pentair from a “sell” rating to a “hold” rating and set a $41.00 target price on the stock in a report on Wednesday, May 27th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.80.
NYSE PNR opened at $42.85 on Friday. The stock has a market cap of $7.11 billion, a PE ratio of 21.53, a P/E/G ratio of 3.95 and a beta of 1.37. Pentair PLC has a fifty-two week low of $22.01 and a fifty-two week high of $47.43. The business has a 50 day moving average price of $39.12 and a two-hundred day moving average price of $37.83. The company has a quick ratio of 0.81, a current ratio of 1.33 and a debt-to-equity ratio of 0.52.
Pentair (NYSE:PNR) last released its earnings results on Thursday, July 23rd. The industrial products company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.10. The company had revenue of $713.90 million during the quarter, compared to analysts’ expectations of $686.16 million. Pentair had a return on equity of 20.25% and a net margin of 11.58%. The business’s revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS. Sell-side analysts anticipate that Pentair PLC will post 2.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, July 23rd. Pentair’s dividend payout ratio (DPR) is currently 31.93%.
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
Featured Article: What does an equal weight rating mean?
Want to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair PLC (NYSE:PNR).
Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.