Cwm LLC Acquires 620 Shares of Pentair plc (NYSE:PNR)

Cwm LLC lifted its holdings in shares of Pentair plc (NYSE:PNRFree Report) by 26.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,969 shares of the industrial products company’s stock after buying an additional 620 shares during the quarter. Cwm LLC’s holdings in Pentair were worth $216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Assetmark Inc. increased its position in shares of Pentair by 935.1% during the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock valued at $25,000 after buying an additional 346 shares during the period. Lindbrook Capital LLC lifted its stake in Pentair by 82.4% in the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Quent Capital LLC boosted its holdings in Pentair by 112.7% in the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 213 shares during the period. Baystate Wealth Management LLC purchased a new position in shares of Pentair during the 3rd quarter valued at $30,000. Finally, Operose Advisors LLC bought a new position in shares of Pentair in the third quarter worth $34,000. 92.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BNP Paribas began coverage on Pentair in a research note on Tuesday, March 12th. They set a “neutral” rating and a $86.00 price objective for the company. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. TD Cowen lifted their target price on shares of Pentair from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Stifel Nicolaus increased their price target on shares of Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, KeyCorp lifted their price objective on shares of Pentair from $82.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.93.

Check Out Our Latest Report on Pentair

Pentair Price Performance

PNR opened at $79.61 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $80.87 and its 200 day simple moving average is $72.58. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 1.36 and a beta of 1.24. Pentair plc has a 1 year low of $55.26 and a 1 year high of $85.81.

Pentair (NYSE:PNRGet Free Report) last issued its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business earned $0.91 earnings per share. The business’s revenue was down 1.1% on a year-over-year basis. As a group, analysts predict that Pentair plc will post 4.24 earnings per share for the current year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, April 19th were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, April 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.16%. Pentair’s dividend payout ratio is currently 24.47%.

About Pentair

(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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