Gitterman Wealth Management LLC Has $475,000 Position in Pentair plc (NYSE:PNR)

Gitterman Wealth Management LLC increased its stake in shares of Pentair plc (NYSE:PNR) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,724 shares of the industrial products company’s stock after purchasing an additional 293 shares during the quarter. Gitterman Wealth Management LLC’s holdings in Pentair were worth $475,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Pentair by 3.1% during the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock worth $856,257,000 after purchasing an additional 259,922 shares during the period. FMR LLC lifted its stake in Pentair by 4.7% in the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after acquiring an additional 258,134 shares during the last quarter. Geode Capital Management LLC lifted its stake in Pentair by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock valued at $389,800,000 after acquiring an additional 19,853 shares during the last quarter. Swedbank AB lifted its stake in Pentair by 17.9% in the third quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company’s stock valued at $132,141,000 after acquiring an additional 205,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Pentair by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,010,068 shares of the industrial products company’s stock valued at $101,653,000 after acquiring an additional 7,434 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Trading Up 2.6 %

Shares of Pentair stock opened at $86.18 on Friday. The firm has a market capitalization of $14.20 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The company’s fifty day moving average price is $96.80 and its two-hundred day moving average price is $98.63. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. The firm had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. On average, analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s payout ratio is 26.74%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PNR shares. Robert W. Baird lifted their target price on shares of Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and issued a $115.00 price objective on shares of Pentair in a research note on Thursday, November 21st. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. KeyCorp restated a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Finally, Stifel Nicolaus reduced their price objective on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Pentair has a consensus rating of “Moderate Buy” and an average price target of $112.93.

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.