Fielder Capital Group LLC bought a new position in Pentair plc (NYSE:PNR – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,196 shares of the industrial products company’s stock, valued at approximately $225,000.
A number of other large investors also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Pentair by 0.5% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,965 shares of the industrial products company’s stock valued at $2,050,000 after purchasing an additional 108 shares during the period. Horizon Investments LLC grew its stake in Pentair by 4.8% during the first quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company’s stock worth $207,000 after buying an additional 109 shares during the last quarter. Brooklyn Investment Group lifted its position in Pentair by 14.8% during the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company’s stock worth $74,000 after buying an additional 109 shares in the last quarter. Strategic Blueprint LLC lifted its holdings in Pentair by 2.3% during the 1st quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company’s stock worth $483,000 after buying an additional 123 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Pentair by 11.5% in the 2nd quarter. Signaturefd LLC now owns 1,245 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 128 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.
Pentair Price Performance
NYSE:PNR opened at $109.78 on Friday. The firm’s fifty day moving average is $109.43 and its two-hundred day moving average is $101.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.84 and a current ratio of 1.46. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.05 and a beta of 1.10. Pentair plc has a one year low of $74.25 and a one year high of $113.95.
Pentair Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, October 24th. Pentair’s dividend payout ratio (DPR) is presently 25.38%.
Analyst Ratings Changes
A number of research analysts have issued reports on PNR shares. Wall Street Zen upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. UBS Group upped their price objective on shares of Pentair from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho boosted their target price on Pentair from $118.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. TD Cowen cut Pentair from a “buy” rating to a “hold” rating and cut their price objective for the company from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Finally, Robert W. Baird set a $130.00 target price on Pentair in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and an average target price of $119.93.
View Our Latest Stock Analysis on Pentair
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.
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