Sequoia Financial Advisors LLC Acquires New Position in Pentair plc (NYSE:PNR)

Sequoia Financial Advisors LLC acquired a new stake in Pentair plc (NYSE:PNR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,683 shares of the industrial products company’s stock, valued at approximately $340,000.

Several other large investors have also bought and sold shares of PNR. Assetmark Inc. raised its holdings in Pentair by 935.1% in the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 346 shares during the period. IFP Advisors Inc raised its holdings in Pentair by 97.6% in the third quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 202 shares during the period. Quent Capital LLC raised its holdings in Pentair by 112.7% in the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 213 shares during the period. Baystate Wealth Management LLC acquired a new stake in Pentair in the third quarter worth $30,000. Finally, Operose Advisors LLC acquired a new stake in Pentair in the third quarter worth $34,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on PNR. BNP Paribas began coverage on shares of Pentair in a research report on Tuesday, March 12th. They set a “neutral” rating and a $86.00 price objective for the company. Oppenheimer reissued an “outperform” rating and set a $88.00 price objective (up previously from $82.00) on shares of Pentair in a research report on Thursday, March 7th. Northcoast Research raised shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday. Bank of America raised shares of Pentair from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $46.00 to $76.00 in a research report on Thursday, January 11th. Finally, Citigroup increased their price objective on shares of Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $87.33.

Pentair Price Performance

Shares of NYSE:PNR opened at $78.49 on Friday. The firm has a 50 day moving average of $79.94 and a 200-day moving average of $71.35. The stock has a market capitalization of $13.03 billion, a PE ratio of 20.93, a PEG ratio of 1.52 and a beta of 1.20. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. Pentair plc has a 12 month low of $51.38 and a 12 month high of $85.81.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. The company had revenue of $984.60 million during the quarter, compared to analysts’ expectations of $975.36 million. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The business’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 company earned $0.82 EPS. On average, equities research analysts predict that Pentair plc will post 4.21 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently declared 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. This represents a $0.92 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, April 18th. Pentair’s dividend payout ratio (DPR) is presently 24.53%.

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.