Pentair plc (NYSE:PNR) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its position in Pentair plc (NYSE:PNR) by 50.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,456 shares of the industrial products company’s stock after acquiring an additional 826 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Pentair were worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PNR. Independent Advisor Alliance raised its position in Pentair by 1.4% in the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company’s stock valued at $768,000 after purchasing an additional 103 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in shares of Pentair by 16.1% in the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock valued at $92,000 after buying an additional 127 shares during the last quarter. Quarry LP boosted its stake in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after buying an additional 134 shares during the period. Annex Advisory Services LLC grew its holdings in shares of Pentair by 2.9% during the fourth quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock worth $540,000 after buying an additional 151 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in Pentair by 1.3% in the 4th quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company’s stock valued at $1,251,000 after acquiring an additional 161 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Stock Performance

Shares of PNR stock opened at $86.18 on Friday. The stock has a fifty day moving average price of $96.80 and a 200 day moving average price of $98.63. 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 stock has a market cap of $14.20 billion, a PE ratio of 23.04, a P/E/G ratio of 1.87 and a beta of 1.23. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. The business had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 EPS. Sell-side analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. Pentair’s dividend payout ratio is presently 26.74%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wolfe Research began coverage on Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. KeyCorp reissued a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Citigroup lowered their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Pentair in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.93.

Pentair Company Profile

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.