Inceptionr LLC Takes $1.77 Million Position in Pentair plc (NYSE:PNR)

Inceptionr LLC bought a new stake in shares of Pentair plc (NYSE:PNR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,609 shares of the industrial products company’s stock, valued at approximately $1,772,000.

Several other institutional investors also recently made changes to their positions in the stock. Richardson Financial Services Inc. grew its holdings in shares of Pentair by 16.1% during the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 127 shares during the last quarter. Quarry LP boosted its position in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after buying an additional 134 shares during the period. Annex Advisory Services LLC boosted its position in shares of Pentair by 2.9% during the fourth quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock worth $540,000 after buying an additional 151 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Pentair by 1.3% during the fourth quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company’s stock worth $1,251,000 after buying an additional 161 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Pentair by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 27,893 shares of the industrial products company’s stock worth $2,807,000 after buying an additional 167 shares during the period. 92.37% of the stock is owned by institutional investors.

Pentair Price Performance

Shares of NYSE PNR opened at $91.18 on Thursday. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.87 and a beta of 1.23. The firm has a 50-day moving average of $99.07 and a two-hundred day moving average of $98.63.

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

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio is presently 26.74%.

Wall Street Analyst Weigh In

PNR has been the subject of several analyst reports. Oppenheimer boosted their price objective on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Wolfe Research initiated coverage on Pentair in a research report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price objective for the company. 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. Finally, Robert W. Baird boosted their price objective on Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.25.

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.