Values First Advisors Inc. Purchases New Position in Pentair plc (NYSE:PNR)

Values First Advisors Inc. acquired a new position in shares of Pentair plc (NYSE:PNR) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 1,820 shares of the industrial products company’s stock, valued at approximately $178,000.

Other hedge funds also recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its holdings in shares of Pentair by 5.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 185,155 shares of the industrial products company’s stock worth $15,820,000 after acquiring an additional 8,966 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Pentair by 222.8% during the first quarter. Cetera Investment Advisers now owns 50,653 shares of the industrial products company’s stock worth $4,328,000 after purchasing an additional 34,959 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Pentair in the first quarter valued at $1,103,000. Swedbank AB increased its stake in shares of Pentair by 0.9% in the second quarter. Swedbank AB now owns 1,146,271 shares of the industrial products company’s stock valued at $87,885,000 after buying an additional 10,000 shares in the last quarter. Finally, ORG Partners LLC bought a new position in shares of Pentair in the second quarter valued at about $631,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PNR. Barclays increased their price objective on shares of Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday. Stifel Nicolaus raised their price target on shares of Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. UBS Group boosted their price objective on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Northcoast Research lowered Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Finally, KeyCorp lifted their target price on Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and an average target price of $104.80.

Pentair Stock Performance

PNR stock opened at $99.39 on Friday. Pentair plc has a 1-year low of $57.18 and a 1-year high of $99.96. The business’s 50-day moving average price is $92.53 and its two-hundred day moving average price is $84.83. The firm has a market cap of $16.45 billion, a PE ratio of 24.85, a P/E/G ratio of 1.76 and a beta of 1.20. The company has a current ratio of 1.60, a quick ratio of 0.96 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business had revenue of $993.40 million for the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter in the previous year, the business posted $0.94 EPS. Pentair’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, research analysts forecast that Pentair plc will post 4.27 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, October 18th. Pentair’s dividend payout ratio is 23.00%.

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.