Dynamic Technology Lab Private Ltd Invests $732,000 in Pentair plc (NYSE:PNR)

Dynamic Technology Lab Private Ltd acquired a new stake in Pentair plc (NYSE:PNR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,273 shares of the industrial products company’s stock, valued at approximately $732,000.

A number of other institutional investors also recently bought and sold shares of the stock. Quarry LP raised its holdings in shares of Pentair by 105.5% in 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 last quarter. SJS Investment Consulting Inc. raised its stake in 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 acquiring an additional 294 shares during the last quarter. Eastern Bank lifted its position in Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 300 shares during the period. Friedenthal Financial acquired a new position in shares of Pentair in the fourth quarter valued at about $56,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Pentair in the fourth quarter worth about $60,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Trading Down 3.5 %

Shares of NYSE:PNR opened at $78.66 on Monday. The business’s 50 day moving average price is $92.63 and its 200-day moving average price is $98.58. Pentair plc has a 1 year low of $71.89 and a 1 year high of $110.71. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. The business had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. On average, equities research analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. Pentair’s payout ratio is currently 26.74%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. KeyCorp reiterated a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. Stifel Nicolaus reduced their target price on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a report on Friday, January 24th. Barclays lowered their price target on shares of Pentair from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Citigroup reduced their price objective on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.27.

Pentair 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.