Pentair plc (NYSE:PNR) Shares Acquired by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV grew its holdings in Pentair plc (NYSE:PNR) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,746 shares of the industrial products company’s stock after buying an additional 425 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Pentair were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of PNR. Apollon Wealth Management LLC acquired a new stake in shares of Pentair in the third quarter valued at about $256,000. CIBC Asset Management Inc raised its position in shares of Pentair by 9.3% in the third quarter. CIBC Asset Management Inc now owns 19,329 shares of the industrial products company’s stock valued at $1,890,000 after buying an additional 1,640 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Pentair by 4.1% in the third quarter. Natixis Advisors LLC now owns 103,110 shares of the industrial products company’s stock valued at $10,083,000 after purchasing an additional 4,074 shares during the period. Claro Advisors LLC purchased a new stake in shares of Pentair in the third quarter valued at about $249,000. Finally, Swiss National Bank grew its holdings in shares of Pentair by 0.7% in the third quarter. Swiss National Bank now owns 492,787 shares of the industrial products company’s stock valued at $48,190,000 after purchasing an additional 3,300 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on PNR. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price objective on shares of Pentair in a report on Thursday, November 21st. Barclays upped their price objective on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Wolfe Research initiated coverage on shares of Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price 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 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. According to MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and a consensus price target of $112.93.

Pentair Trading Up 0.2 %

NYSE PNR opened at $87.35 on Wednesday. The firm has a 50 day simple moving average of $96.34 and a 200-day simple moving average of $98.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The firm has a market cap of $14.40 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.87 and a beta of 1.23.

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 the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. During the same quarter last year, the firm posted $0.87 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.14%. Pentair’s dividend payout ratio (DPR) is 26.74%.

Pentair Company 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.