Tower Research Capital LLC TRC Grows Stock Holdings in Pentair plc (NYSE:PNR)

Tower Research Capital LLC TRC grew its holdings in shares of Pentair plc (NYSE:PNR) by 189.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,615 shares of the industrial products company’s stock after purchasing an additional 7,602 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Pentair were worth $1,169,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. SJS Investment Consulting Inc. boosted 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 buying an additional 294 shares during the last quarter. Eastern Bank boosted its position in shares of Pentair by 144.9% in the fourth 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 last quarter. Proficio Capital Partners LLC purchased a new stake in Pentair in the fourth quarter valued at approximately $55,000. Friedenthal Financial acquired a new position in Pentair during the fourth quarter worth approximately $56,000. Finally, Intact Investment Management Inc. purchased a new position in Pentair during the fourth quarter worth approximately $60,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PNR. UBS Group reduced their target price on Pentair from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday. Stifel Nicolaus reduced their price objective on Pentair from $125.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada boosted their price target on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays upped their price objective on shares of Pentair from $110.00 to $111.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group set a $95.00 price objective on Pentair and gave the company a “neutral” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Pentair presently has a consensus rating of “Moderate Buy” and an average target price of $107.64.

Pentair Trading Up 2.9 %

NYSE:PNR opened at $90.30 on Friday. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The business has a 50 day simple moving average of $86.90 and a 200 day simple moving average of $96.95. The firm has a market capitalization of $14.90 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.87 and a beta of 1.13.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same quarter last year, the company earned $0.94 EPS. Equities research analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio is currently 25.84%.

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.