3,774 Shares in Pentair plc (NYSE:PNR) Bought by Quantessence Capital LLC

Quantessence Capital LLC bought a new stake in Pentair plc (NYSE:PNR) during the 4th quarter, Holdings Channel reports. The fund bought 3,774 shares of the industrial products company’s stock, valued at approximately $380,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. raised its position in shares of Pentair by 753.8% in 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 period. Eastern Bank raised its holdings in Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares during the period. Friedenthal Financial bought a new position in shares of Pentair during the fourth quarter worth $56,000. Intact Investment Management Inc. acquired a new position in shares of Pentair in the 4th quarter valued at $60,000. Finally, Spire Wealth Management bought a new stake in shares of Pentair in the 4th quarter valued at $64,000. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group set a $95.00 target price on Pentair in a report on Tuesday. Citigroup lowered their target price on Pentair from $118.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, April 14th. StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Robert W. Baird raised shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price objective for the company in a research report on Tuesday, March 25th. Finally, Baird R W upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 25th. Four equities 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.43.

Pentair Trading Up 9.1 %

Shares of Pentair stock opened at $86.15 on Wednesday. Pentair plc has a 12-month low of $72.63 and a 12-month 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 business’s 50 day moving average is $87.21 and its 200-day moving average is $97.05. The stock has a market cap of $14.21 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.87 and a beta of 1.13.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. During the same period in the prior year, the firm posted $0.87 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities research analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio (DPR) is presently 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.