Zeke Capital Advisors LLC lifted its stake in shares of Pentair PLC. (NYSE:PNR) by 146.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,919 shares of the industrial products company’s stock after buying an additional 14,788 shares during the period. Zeke Capital Advisors LLC’s holdings in Pentair were worth $1,693,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Pentair by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,456 shares of the industrial products company’s stock valued at $829,000 after buying an additional 53 shares during the period. CIBC Asset Management Inc raised its stake in shares of Pentair by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 16,405 shares of the industrial products company’s stock valued at $1,092,000 after purchasing an additional 54 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Pentair by 1.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,439 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 62 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of Pentair by 1.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,319 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 92 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Pentair by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the industrial products company’s stock valued at $692,000 after purchasing an additional 100 shares during the period. 84.56% of the stock is currently owned by institutional investors.
Pentair PLC. (NYSE:PNR) traded up $0.68 during trading hours on Thursday, reaching $69.23. The company’s stock had a trading volume of 1,474,300 shares, compared to its average volume of 986,553. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $12,448.50, a PE ratio of 20.28, a PEG ratio of 1.82 and a beta of 1.41. Pentair PLC. has a twelve month low of $55.76 and a twelve month high of $71.76.
Pentair (NYSE:PNR) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Pentair had a return on equity of 13.39% and a net margin of 12.50%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. research analysts forecast that Pentair PLC. will post 3.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Thursday, January 25th. This is a positive change from Pentair’s previous quarterly dividend of $0.35. Pentair’s payout ratio is 41.82%.
In related news, insider Karl R. Frykman sold 11,386 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $70.24, for a total value of $799,752.64. Following the completion of the sale, the insider now owns 36,476 shares in the company, valued at $2,562,074.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Merriman sold 5,200 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $67.00, for a total transaction of $348,400.00. Following the completion of the transaction, the director now directly owns 21,538 shares of the company’s stock, valued at approximately $1,443,046. The disclosure for this sale can be found here. Insiders have sold 217,632 shares of company stock valued at $14,783,286 in the last 90 days. Company insiders own 9.90% of the company’s stock.
A number of equities analysts have weighed in on the company. KeyCorp restated a “buy” rating and issued a $77.00 target price on shares of Pentair in a research note on Thursday, October 12th. Stifel Nicolaus restated a “hold” rating and set a $67.00 target price on shares of Pentair in a report on Wednesday, October 4th. Cowen restated an “underperform” rating and set a $61.00 target price (up from $59.00) on shares of Pentair in a report on Monday, October 2nd. Zacks Investment Research lowered Pentair from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird upped their price target on Pentair from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $70.67.
Pentair Company Profile
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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