28,393 Shares in Pentair plc $PNR Purchased by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC bought a new position in shares of Pentair plc (NYSE:PNR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 28,393 shares of the industrial products company’s stock, valued at approximately $1,505,000.

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

Pentair Trading Down 1.3%

Shares of PNR opened at $69.65 on Wednesday. The firm has a 50 day simple moving average of $57.01 and a 200-day simple moving average of $76.11. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 0.77. Pentair plc has a 1-year low of $51.13 and a 1-year high of $109.89.

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

Pentair Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PNR shares. Weiss Ratings lowered Pentair from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, October 28th. Citigroup boosted their target price on Pentair from $69.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. Zacks Research upgraded Pentair from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 7th. The Goldman Sachs Group set a $66.00 price target on Pentair in a report on Wednesday, October 28th. Finally, Royal Bank Of Canada increased their price target on Pentair from $61.00 to $69.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $76.59.

Pentair 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.