Dynamic Technology Lab Private Ltd Makes New Investment in Pentair plc (NYSE:PNR)

Dynamic Technology Lab Private Ltd purchased a new stake in Pentair plc (NYSE:PNR) in the fourth quarter, Holdings Channel reports. The firm purchased 7,273 shares of the industrial products company’s stock, valued at approximately $732,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP boosted its stake in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after buying an additional 134 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 294 shares during the last quarter. Eastern Bank grew its holdings in shares of Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares during the period. Proficio Capital Partners LLC acquired a new stake in Pentair during the fourth quarter worth about $55,000. Finally, Friedenthal Financial purchased a new position in Pentair during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Price Performance

Shares of PNR opened at $78.66 on Monday. The company has a market cap of $12.96 billion, a P/E ratio of 21.03, a PEG ratio of 1.87 and a beta of 1.13. Pentair plc has a fifty-two week low of $71.89 and a fifty-two week 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 firm’s 50 day moving average price is $92.63 and its 200 day moving average price is $98.58.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The business had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 earnings per share. On average, research analysts forecast that Pentair plc will post 4.77 earnings per share 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 paid a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. Pentair’s payout ratio is 26.74%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Baird R W raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays reduced their target price on Pentair from $120.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. KeyCorp reissued a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Finally, Robert W. Baird raised shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 target price on the stock in a research report on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Pentair presently has an average rating of “Moderate Buy” and an average target price of $112.27.

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.