16,743 Shares of Pentair plc $PNR Bought by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. bought a new position in shares of Pentair plc (NYSE:PNR) during the third quarter, HoldingsChannel reports. The institutional investor bought 16,743 shares of the industrial products company’s stock, valued at approximately $887,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC lifted its holdings in Pentair by 7.1% in the 1st quarter. Inspire Investing LLC now owns 2,825 shares of the industrial products company’s stock valued at $246,000 after acquiring an additional 188 shares during the last quarter. CI Investments Inc. boosted its position in shares of Pentair by 8.5% during the 1st quarter. CI Investments Inc. now owns 2,657 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 209 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Pentair by 8.4% in the 1st quarter. Fifth Third Bancorp now owns 3,502 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 271 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Pentair by 6.2% in the 1st quarter. V Square Quantitative Management LLC now owns 5,526 shares of the industrial products company’s stock worth $481,000 after purchasing an additional 321 shares during the last quarter. Finally, Westpac Banking Corp raised its holdings in shares of Pentair by 30.1% in the 1st quarter. Westpac Banking Corp now owns 1,524 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 353 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Pentair Price Performance

PNR stock opened at $69.65 on Wednesday. Pentair plc has a one year low of $51.13 and a one year high of $109.89. The firm has a 50-day moving average of $57.01 and a two-hundred day moving average of $76.11. The firm has a market capitalization of $11.12 billion, a PE ratio of 18.47, a P/E/G ratio of 1.66 and a beta of 1.01. The company has a current ratio of 1.47, a quick ratio of 0.77 and a debt-to-equity ratio of 0.38.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 27th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.11. Pentair had a net margin of 15.44% and a return on equity of 20.10%. The business had revenue of $976.40 million for the quarter, compared to the consensus estimate of $963.71 million. During the same period last year, the firm posted $1.24 earnings per share. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts forecast that Pentair plc will post 4.70 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.6%. Pentair’s dividend payout ratio (DPR) is currently 28.65%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Weiss Ratings cut shares of Pentair from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, October 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $81.00 price target on shares of Pentair in a report on Monday, July 27th. BNP Paribas Exane upgraded Pentair from an “underperform” rating to a “neutral” rating and set a $65.00 price objective for the company in a research report on Wednesday, October 28th. Jefferies Financial Group raised Pentair to a “strong-buy” rating in a research note on Wednesday, October 7th. Finally, UBS Group set a $65.00 target price on Pentair in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Pentair has an average rating of “Hold” and an average price target of $76.59.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.

The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.