Friedenthal Financial Invests $56,000 in Pentair plc (NYSE:PNR)

Friedenthal Financial acquired a new stake in Pentair plc (NYSE:PNR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 557 shares of the industrial products company’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNR. Massachusetts Financial Services Co. MA boosted its stake in shares of Pentair by 91.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock valued at $159,655,000 after purchasing an additional 996,325 shares in the last quarter. Interval Partners LP boosted its position 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 buying an additional 710,703 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Pentair by 862.2% during the third quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock worth $43,212,000 after buying an additional 395,962 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Pentair during the third quarter worth $26,748,000. Finally, State Street Corp lifted its stake in shares of Pentair by 3.1% in the 3rd quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock valued at $856,257,000 after acquiring an additional 259,922 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the sale, the executive vice president now owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. The trade was a 15.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Pentair Trading Up 1.8 %

Shares of NYSE PNR traded up $1.75 during midday trading on Monday, reaching $98.72. The company had a trading volume of 1,071,084 shares, compared to its average volume of 937,421. The stock has a market cap of $16.31 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. Pentair plc has a one year low of $69.42 and a one year high of $110.71. The firm’s fifty day moving average price is $104.38 and its 200-day moving average price is $94.09. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The company had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 EPS. On average, equities research analysts anticipate that Pentair plc will post 4.28 earnings per share for the current year.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be given a dividend of $0.25 per share. This is a positive change from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.01%. Pentair’s dividend payout ratio is presently 25.00%.

Analyst Ratings Changes

Several research firms have commented on PNR. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Pentair in a research report on Thursday, November 21st. TD Cowen raised their target price on Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus increased their target price on Pentair from $115.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Barclays upped their price target on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.13.

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.