GEN Financial Management INC. Makes New Investment in Pentair plc (NYSE:PNR)

GEN Financial Management INC. bought a new stake in shares of Pentair plc (NYSE:PNR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,427 shares of the industrial products company’s stock, valued at approximately $446,000.

Other large investors also recently made changes to their positions in the company. Quarry LP lifted its stake in shares of Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. boosted its holdings in Pentair by 753.8% in the fourth 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 in the last quarter. Blue Trust Inc. increased its position in shares of Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares during the last quarter. Eastern Bank lifted its holdings in shares of Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after buying an additional 300 shares in the last quarter. Finally, Friedenthal Financial purchased a new position in shares of Pentair in the fourth quarter worth about $56,000. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Down 1.1 %

PNR opened at $102.53 on Tuesday. The business has a 50 day moving average price of $103.73 and a two-hundred day moving average price of $96.96. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The company has a market cap of $16.94 billion, a PE ratio of 25.63, a P/E/G ratio of 1.65 and a beta of 1.20. Pentair plc has a 52 week low of $72.03 and a 52 week high of $110.71.

Pentair Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.25 per share. This is an increase from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 0.98%. Pentair’s dividend payout ratio is currently 25.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PNR shares. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Pentair in a report on Thursday, November 21st. StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Mizuho increased their target price on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Barclays boosted their price objective on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.07.

About Pentair

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.