ERTS Wealth Advisors LLC Purchases Shares of 3,052 Pentair plc (NYSE:PNR)

ERTS Wealth Advisors LLC purchased a new stake in Pentair plc (NYSE:PNRFree Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,052 shares of the industrial products company’s stock, valued at approximately $222,000.

A number of other hedge funds also recently bought and sold shares of PNR. Nordea Investment Management AB raised its position in shares of Pentair by 191.8% during the 4th quarter. Nordea Investment Management AB now owns 70,424 shares of the industrial products company’s stock worth $5,122,000 after acquiring an additional 46,290 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Pentair by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company’s stock worth $1,287,364,000 after acquiring an additional 204,416 shares in the last quarter. Vest Financial LLC raised its position in shares of Pentair by 31.7% during the 4th quarter. Vest Financial LLC now owns 450,602 shares of the industrial products company’s stock worth $32,763,000 after acquiring an additional 108,560 shares in the last quarter. Prudential PLC acquired a new stake in shares of Pentair during the 3rd quarter worth about $566,000. Finally, Vontobel Holding Ltd. raised its position in shares of Pentair by 74.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 488,376 shares of the industrial products company’s stock worth $31,622,000 after acquiring an additional 207,940 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

PNR has been the topic of several research analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $88.00 price target (up previously from $82.00) on shares of Pentair in a research report on Thursday, March 7th. Stifel Nicolaus lifted their target price on Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $91.00 target price on shares of Pentair in a research note on Friday, March 22nd. BNP Paribas began coverage on Pentair in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 target price on the stock. Finally, StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.50.

Read Our Latest Stock Report on PNR

Pentair Stock Up 0.3 %

Pentair stock opened at $83.45 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.94. Pentair plc has a 1-year low of $51.38 and a 1-year high of $85.81. The company has a market cap of $13.85 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. The stock’s 50 day moving average price is $78.15 and its 200 day moving average price is $70.15.

Pentair (NYSE:PNRGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The firm had revenue of $984.60 million for the quarter, compared to the consensus estimate of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. On average, sell-side analysts predict that Pentair plc will post 4.22 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 annualized dividend and a yield of 1.10%. Pentair’s dividend payout ratio is presently 24.53%.

Pentair Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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