Cwm LLC Acquires 9,505 Shares of Pentair plc (NYSE:PNR)

Cwm LLC raised its holdings in shares of Pentair plc (NYSE:PNR) by 175.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,919 shares of the industrial products company’s stock after purchasing an additional 9,505 shares during the period. Cwm LLC’s holdings in Pentair were worth $1,459,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new position in Pentair during the 2nd quarter valued at approximately $25,000. Crewe Advisors LLC grew its stake in shares of Pentair by 376.1% in the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 267 shares during the last quarter. Family Firm Inc. bought a new position in shares of Pentair during the second quarter valued at $48,000. LRI Investments LLC purchased a new position in shares of Pentair in the 1st quarter worth about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Pentair in the 2nd quarter worth about $67,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Trading Down 0.3 %

NYSE:PNR opened at $98.49 on Wednesday. The firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96. The business has a fifty day moving average price of $90.39 and a 200-day moving average price of $84.09. Pentair plc has a one year low of $57.18 and a one year high of $99.57.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. Sell-side analysts forecast that Pentair plc will post 4.26 EPS for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.93%. Pentair’s dividend payout ratio is presently 24.47%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. KeyCorp upped their price target on Pentair from $97.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, October 11th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Finally, Oppenheimer boosted their price objective on shares of Pentair from $92.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.33.

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.