Intact Investment Management Inc. Buys Shares of 600 Pentair plc (NYSE:PNR)

Intact Investment Management Inc. bought a new stake in Pentair plc (NYSE:PNR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 600 shares of the industrial products company’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PNR. Quarry LP grew its holdings in 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 buying an additional 134 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after buying an additional 294 shares during the last quarter. Eastern Bank grew its holdings in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Pentair during the 4th quarter worth approximately $55,000. Finally, Friedenthal Financial acquired a new stake in shares of Pentair during the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Trading Up 2.6 %

PNR stock opened at $86.18 on Friday. The company has a market cap of $14.20 billion, a P/E ratio of 23.04, a PEG ratio of 1.87 and a beta of 1.23. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $96.80 and a 200-day moving average of $98.63.

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

Pentair Announces Dividend

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

Wall Street Analyst Weigh In

PNR has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup decreased their price objective on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Robert W. Baird lifted their price objective on Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Finally, Wolfe Research initiated coverage on Pentair in a report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.