Pentair plc (NYSE:PNR) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in shares of Pentair plc (NYSE:PNR) by 11.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,194 shares of the industrial products company’s stock after acquiring an additional 118 shares during the period. Farther Finance Advisors LLC’s holdings in Pentair were worth $120,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PNR. Natixis Advisors LLC lifted its position in Pentair by 4.1% during the 3rd quarter. Natixis Advisors LLC now owns 103,110 shares of the industrial products company’s stock worth $10,083,000 after acquiring an additional 4,074 shares in the last quarter. Swiss National Bank lifted its position in Pentair by 0.7% during the 3rd quarter. Swiss National Bank now owns 492,787 shares of the industrial products company’s stock worth $48,190,000 after acquiring an additional 3,300 shares in the last quarter. Pathstone Holdings LLC lifted its position in Pentair by 47.4% during the 3rd quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock worth $1,944,000 after acquiring an additional 6,391 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Pentair by 3.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 38,620 shares of the industrial products company’s stock worth $3,777,000 after acquiring an additional 1,276 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in Pentair by 3.8% during the 3rd quarter. Avior Wealth Management LLC now owns 9,163 shares of the industrial products company’s stock worth $896,000 after acquiring an additional 332 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Stifel Nicolaus cut their target price on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Citigroup cut their target price on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Wolfe Research started coverage on Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and an average price target of $112.93.

Pentair Price Performance

Shares of PNR opened at $88.34 on Friday. The company has a market cap of $14.56 billion, a P/E ratio of 23.62, a PEG ratio of 1.87 and a beta of 1.23. The stock has a fifty day moving average price of $95.91 and a 200 day moving average price of $98.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.87 EPS. On average, research analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently disclosed 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 yield of 1.13%. Pentair’s payout ratio is currently 26.74%.

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.