Pentair plc (NYSE:PNR) Shares Bought by Inspire Advisors LLC

Inspire Advisors LLC lifted its holdings in shares of Pentair plc (NYSE:PNR) by 1.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,121 shares of the industrial products company’s stock after acquiring an additional 130 shares during the period. Inspire Advisors LLC’s holdings in Pentair were worth $794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PNR. DekaBank Deutsche Girozentrale boosted its stake in Pentair by 352.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock worth $134,695,000 after buying an additional 1,228,635 shares during the last quarter. Swedbank AB purchased a new position in shares of Pentair during the 1st quarter worth about $97,083,000. Massachusetts Financial Services Co. MA boosted its position in shares of Pentair by 91.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock worth $159,655,000 after acquiring an additional 996,325 shares during the last quarter. Interval Partners LP grew its holdings in Pentair by 289.6% in the second quarter. Interval Partners LP now owns 956,117 shares of the industrial products company’s stock valued at $73,305,000 after purchasing an additional 710,703 shares during the period. Finally, AMF Tjanstepension AB acquired a new position in Pentair during the first quarter worth approximately $45,096,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays lifted their price target on shares of Pentair from $96.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Mizuho boosted their price target on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday. Northcoast Research downgraded Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Finally, Oppenheimer increased their target price on shares of Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.93.

Pentair Stock Down 0.0 %

PNR stock opened at $99.04 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The firm has a 50 day simple moving average of $91.36 and a 200-day simple moving average of $84.40. The company has a market capitalization of $16.39 billion, a P/E ratio of 25.07, a PEG ratio of 1.77 and a beta of 1.20. Pentair plc has a twelve month low of $57.18 and a twelve month high of $99.95.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The company’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Pentair plc will post 4.26 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, October 18th. Pentair’s dividend payout ratio (DPR) is presently 23.29%.

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.