Charter Oak Advisors LP Makes New Investment in Pentair plc (NYSE:PNR)

Charter Oak Advisors LP purchased a new stake in Pentair plc (NYSE:PNR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 132,353 shares of the industrial products company’s stock, valued at approximately $13,320,000. Pentair accounts for 7.6% of Charter Oak Advisors LP’s holdings, making the stock its 4th largest position. Charter Oak Advisors LP owned about 0.08% of Pentair as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PNR. Independent Advisor Alliance raised its holdings in shares of Pentair by 1.4% during the fourth quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company’s stock valued at $768,000 after buying an additional 103 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Pentair by 11.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 118 shares during the period. Richardson Financial Services Inc. grew its stake 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 worth $92,000 after purchasing an additional 127 shares in the last quarter. Annex Advisory Services LLC increased 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 valued at $540,000 after purchasing an additional 151 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in shares of Pentair by 1.3% during the fourth quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company’s stock valued at $1,251,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Analyst Ratings Changes

PNR has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Citigroup lowered their price target on Pentair from $118.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday. Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Finally, KeyCorp restated a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Four equities research 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $111.64.

Pentair Stock Down 0.6 %

Shares of Pentair stock opened at $82.28 on Wednesday. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The company has a market cap of $13.57 billion, a P/E ratio of 22.00, a P/E/G ratio of 1.87 and a beta of 1.13. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $88.90 and a 200 day moving average price of $97.57.

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

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, April 17th. Pentair’s dividend payout ratio (DPR) is presently 26.74%.

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.