Qsemble Capital Management LP Makes New $1.47 Million Investment in Pentair plc (NYSE:PNR)

Qsemble Capital Management LP bought a new position in Pentair plc (NYSE:PNR) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 15,025 shares of the industrial products company’s stock, valued at approximately $1,469,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbour Investments Inc. increased its position in Pentair by 10.7% during the 3rd quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock valued at $644,000 after purchasing an additional 636 shares during the period. Cetera Investment Advisers boosted its position in Pentair by 222.8% during the first quarter. Cetera Investment Advisers now owns 50,653 shares of the industrial products company’s stock valued at $4,328,000 after purchasing an additional 34,959 shares in the last quarter. Swedbank AB lifted its position in shares of Pentair by 0.9% during 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 during the last quarter. ORG Partners LLC purchased a new stake in Pentair during the second quarter valued at approximately $631,000. Finally, CHICAGO TRUST Co NA purchased a new position in Pentair during the 2nd quarter worth $572,000. Institutional investors own 92.37% of the company’s stock.

Wall Street Analysts Forecast Growth

PNR has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer upped their price target on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays upped their target price on Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. KeyCorp increased their price objective on shares of Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Mizuho boosted their target price on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.13.

Pentair Trading Up 1.0 %

PNR opened at $107.96 on Tuesday. 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 firm has a market cap of $17.84 billion, a P/E ratio of 26.99, a P/E/G ratio of 1.91 and a beta of 1.19. Pentair plc has a 52 week low of $62.81 and a 52 week high of $109.31. The business has a fifty day simple moving average of $99.68 and a 200-day simple moving average of $88.39.

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

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, October 18th. Pentair’s dividend payout ratio is presently 23.00%.

Insider Buying and Selling

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares in the company, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.28% of the company’s stock.

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.