Gator Capital Management LLC Buys Shares of 35,671 Pentair plc $PNR

Gator Capital Management LLC bought a new stake in shares of Pentair plc (NYSE:PNR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 35,671 shares of the industrial products company’s stock, valued at approximately $3,715,000.

Other large investors have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC increased its stake in Pentair by 71.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after buying an additional 105 shares during the period. Wexford Capital LP acquired a new position in Pentair during the 3rd quarter valued at about $26,000. Park Square Financial Group LLC grew its stake 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 purchasing an additional 362 shares during the last quarter. Intesa Sanpaolo Wealth Management acquired a new position in shares of Pentair in the 4th quarter worth approximately $44,000. Finally, Clearstead Advisors LLC grew its stake in shares of Pentair by 86.4% in the 3rd quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Performance

Pentair stock opened at $73.68 on Friday. The firm’s 50 day simple moving average is $79.98 and its 200-day simple moving average is $93.12. The company has a market cap of $11.91 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 1.23 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.19. Pentair plc has a fifty-two week low of $69.93 and a fifty-two week high of $113.95.

Pentair (NYSE:PNR) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.05. The business had revenue of $1.04 billion for 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% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. As a group, equities research analysts predict that Pentair plc will post 5.35 EPS for the current year.

Pentair Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PNR. Royal Bank Of Canada lowered their price objective on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 29th. Seaport Research Partners lowered their price objective on shares of Pentair from $130.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Barclays lowered their price objective on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Robert W. Baird set a $110.00 price objective on shares of Pentair in a research note on Wednesday, April 29th. Finally, Weiss Ratings cut shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Pentair presently has an average rating of “Hold” and an average 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.