Andra AP fonden Buys 87,300 Shares of Pentair plc $PNR

Andra AP fonden lifted its stake in Pentair plc (NYSE:PNR) by 73.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,000 shares of the industrial products company’s stock after acquiring an additional 87,300 shares during the period. Andra AP fonden’s holdings in Pentair were worth $21,453,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PNR. Sivia Capital Partners LLC bought a new position in shares of Pentair in the second quarter worth $222,000. American Century Companies Inc. boosted its holdings in shares of Pentair by 5.8% in the second quarter. American Century Companies Inc. now owns 9,350 shares of the industrial products company’s stock worth $960,000 after acquiring an additional 513 shares during the period. Cerity Partners LLC boosted its holdings in shares of Pentair by 27.2% in the second quarter. Cerity Partners LLC now owns 53,959 shares of the industrial products company’s stock worth $5,539,000 after acquiring an additional 11,523 shares during the period. Sei Investments Co. boosted its holdings in shares of Pentair by 54.7% in the second quarter. Sei Investments Co. now owns 76,469 shares of the industrial products company’s stock worth $7,850,000 after acquiring an additional 27,053 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Pentair by 101.8% in the second quarter. Treasurer of the State of North Carolina now owns 338,368 shares of the industrial products company’s stock worth $34,737,000 after acquiring an additional 170,707 shares during the period. 92.37% of the stock is owned by institutional investors.

Pentair Stock Up 1.6%

PNR opened at $72.55 on Friday. The company has a market cap of $11.73 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.21 and a beta of 1.05. The business’s 50-day moving average price is $80.24 and its 200-day moving average price is $93.25. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. Pentair plc has a 12 month low of $69.93 and a 12 month high of $113.95.

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

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a $0.27 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.08 annualized dividend and a yield of 1.5%. Pentair’s dividend payout ratio (DPR) is 26.47%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PNR. Oppenheimer dropped their price objective on Pentair from $122.00 to $115.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. TD Cowen reduced their target price on Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a research report on Wednesday, April 29th. Jefferies Financial Group restated a “buy” rating and set a $125.00 target price (down from $135.00) on shares of Pentair in a research report on Tuesday, March 31st. Citigroup reduced their target price on Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut Pentair from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Pentair has a consensus rating of “Hold” and a consensus target price of $107.86.

Pentair Company Profile

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.