Machina Capital S.A.S. acquired a new position in shares of Pentair plc (NYSE:PNR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,994 shares of the industrial products company's stock, valued at approximately $1,106,000.
A number of other large investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. raised its holdings in Pentair by 16.1% in the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock valued at $92,000 after buying an additional 127 shares during the last quarter. Quarry LP increased its position in Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 134 shares during the period. Annex Advisory Services LLC increased its position in Pentair by 2.9% in the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company's stock valued at $540,000 after acquiring an additional 151 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Pentair by 1.3% during the fourth quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company's stock valued at $1,251,000 after acquiring an additional 161 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Pentair by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 27,893 shares of the industrial products company's stock worth $2,807,000 after purchasing an additional 167 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE PNR opened at $88.15 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm's 50-day moving average price is $98.59 and its 200-day moving average price is $98.52. The firm has a market capitalization of $14.53 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.87 and a beta of 1.23. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71.
Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results 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. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. During the same period in the prior year, the business earned $0.87 EPS. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's payout ratio is currently 26.74%.
A number of analysts recently weighed in on the company. KeyCorp restated a "sector weight" rating and issued a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 price target on shares of Pentair in a research note on Thursday, November 21st. Oppenheimer lifted their price objective on Pentair from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Barclays increased their target price on shares of Pentair from $108.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Finally, Robert W. Baird boosted their price target on shares of Pentair from $106.00 to $114.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $111.25.
Check Out Our Latest Stock Report on PNR
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Pentair, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pentair wasn't on the list.
While Pentair currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.