Tidal Investments LLC Purchases 7,526 Shares of Pentair plc (NYSE:PNR)

Tidal Investments LLC grew its stake in Pentair plc (NYSE:PNR) by 52.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,956 shares of the industrial products company’s stock after acquiring an additional 7,526 shares during the period. Tidal Investments LLC’s holdings in Pentair were worth $2,210,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Parvin Asset Management LLC acquired a new position in Pentair during the fourth quarter worth approximately $25,000. SJS Investment Consulting Inc. increased its holdings in shares of Pentair by 753.8% during 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. Colonial Trust Co SC lifted its holdings in Pentair by 230.8% during the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 240 shares during the last quarter. Intact Investment Management Inc. bought a new position in Pentair during the fourth quarter worth $60,000. Finally, Spire Wealth Management acquired a new position in shares of Pentair in the fourth quarter valued at $64,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Price Performance

PNR stock opened at $97.61 on Friday. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.87 and a beta of 1.11. The firm’s 50-day moving average price is $88.62 and its two-hundred day moving average price is $96.44. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71.

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

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. Pentair’s dividend payout ratio is currently 25.84%.

Insiders Place Their Bets

In related news, Director David A. /Wi Jones sold 6,558 shares of Pentair stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the sale, the director now directly owns 26,313 shares in the company, valued at approximately $2,366,591.22. This trade represents a 19.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PNR. Royal Bank of Canada boosted their price objective on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Barclays upped their price objective on Pentair from $110.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, April 23rd. The Goldman Sachs Group set a $95.00 target price on Pentair and gave the stock a “neutral” rating in a report on Tuesday, April 22nd. Baird R W raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Finally, Mizuho set a $100.00 price target on shares of Pentair in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $107.14.

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.