Goldman Sachs Group Inc. Acquires 365,848 Shares of Pentair plc $PNR

Goldman Sachs Group Inc. lifted its position in shares of Pentair plc (NYSE:PNR) by 36.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,371,643 shares of the industrial products company’s stock after buying an additional 365,848 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Pentair were worth $142,843,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wexford Capital LP purchased a new position in shares of Pentair during the 3rd quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Pentair by 71.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after buying an additional 105 shares during the last quarter. Park Square Financial Group LLC increased its holdings in shares of Pentair by 502.8% in the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock worth $44,000 after buying an additional 362 shares during the last quarter. Clearstead Advisors LLC lifted its position in Pentair by 86.4% in the third quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock worth $49,000 after buying an additional 204 shares during the last quarter. Finally, REAP Financial Group LLC bought a new position in Pentair during the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Trading Up 0.0%

NYSE:PNR opened at $73.17 on Monday. Pentair plc has a 12 month low of $69.93 and a 12 month high of $113.95. The firm has a fifty day simple moving average of $81.24 and a 200-day simple moving average of $94.10. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $11.83 billion, a P/E ratio of 17.93, a PEG ratio of 1.24 and a beta of 1.05.

Pentair (NYSE:PNR) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. On average, equities research analysts anticipate that Pentair plc will post 5.35 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. Pentair’s payout ratio is currently 26.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Robert W. Baird set a $110.00 price target on Pentair in a report on Wednesday, April 29th. Stifel Nicolaus cut their price objective on shares of Pentair from $110.00 to $103.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings lowered shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citigroup cut their price objective on shares of Pentair from $112.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada cut their price objective on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $107.86.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.