Duality Advisers LP Buys Shares of 5,705 Pentair plc (NYSE:PNR)

Duality Advisers LP bought a new stake in shares of Pentair plc (NYSE:PNR) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,705 shares of the industrial products company’s stock, valued at approximately $415,000.

A number of other large investors also recently made changes to their positions in the business. Lindbrook Capital LLC lifted its stake in shares of Pentair by 82.4% during the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 154 shares during the period. IFP Advisors Inc raised its position in shares of Pentair by 97.6% in the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock worth $26,000 after buying an additional 202 shares during the period. Ieq Capital LLC raised its position in shares of Pentair by 5.1% in the 3rd quarter. Ieq Capital LLC now owns 4,217 shares of the industrial products company’s stock worth $273,000 after buying an additional 206 shares during the period. Quent Capital LLC raised its position in shares of Pentair by 112.7% in the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after buying an additional 213 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Pentair by 62.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 703 shares of the industrial products company’s stock worth $46,000 after buying an additional 271 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Trading Up 0.3 %

Pentair stock opened at $79.20 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.94 and a current ratio of 1.90. The firm has a market cap of $13.15 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. Pentair plc has a 1 year low of $52.28 and a 1 year high of $85.81. The firm’s 50 day moving average price is $80.27 and its two-hundred day moving average price is $71.84.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.04. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company posted $0.91 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, research analysts predict that Pentair plc will post 4.21 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 18th. Pentair’s dividend payout ratio is currently 24.47%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup increased their target price on Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Northcoast Research raised Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Monday, April 15th. Bank of America raised Pentair from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $46.00 to $76.00 in a research report on Thursday, January 11th. The Goldman Sachs Group reissued a “neutral” rating and issued a $91.00 price objective on shares of Pentair in a research report on Friday, March 22nd. Finally, StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.93.

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.