Twin Tree Management LP trimmed its stake in Pentair plc (NYSE:PNR – Free Report) by 89.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,610 shares of the industrial products company’s stock after selling 67,651 shares during the period. Twin Tree Management LP’s holdings in Pentair were worth $781,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Garde Capital Inc. bought a new stake in shares of Pentair in the 2nd quarter valued at approximately $41,000. North Star Investment Management Corp. lifted its stake in shares of Pentair by 91.5% in the 2nd quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 193 shares during the last quarter. North Capital Inc. purchased a new stake in shares of Pentair in the first quarter worth approximately $38,000. Horizon Financial Services LLC purchased a new stake in shares of Pentair in the first quarter worth approximately $38,000. Finally, Brooklyn Investment Group raised its holdings in shares of Pentair by 14.8% in the first quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company’s stock worth $74,000 after buying an additional 109 shares during the period. 92.37% of the stock is owned by institutional investors.
Pentair Trading Up 0.1%
PNR opened at $108.82 on Friday. The stock’s fifty day moving average is $109.05 and its two-hundred day moving average is $100.81. The company has a market capitalization of $17.84 billion, a P/E ratio of 29.73, a PEG ratio of 2.06 and a beta of 1.10. Pentair plc has a 52 week low of $74.25 and a 52 week high of $113.95. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38.
Pentair Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, October 24th. Pentair’s dividend payout ratio (DPR) is 27.32%.
Analyst Ratings Changes
PNR has been the topic of several recent analyst reports. Wall Street Zen upgraded Pentair from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Citigroup increased their price target on Pentair from $126.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Oppenheimer increased their price target on Pentair from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. Barclays increased their price target on Pentair from $117.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. increased their price target on Pentair from $116.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Pentair presently has a consensus rating of “Moderate Buy” and an average target price of $116.21.
Get Our Latest Stock Report on Pentair
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.
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