Pentair plc $PNR Shares Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its position in shares of Pentair plc (NYSE:PNR) by 35.6% in the fourth quarter, HoldingsChannel reports. The firm owned 28,045 shares of the industrial products company’s stock after acquiring an additional 7,366 shares during the quarter. Hantz Financial Services Inc.’s holdings in Pentair were worth $2,921,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wexford Capital LP acquired a new stake in Pentair during the 3rd quarter valued at approximately $26,000. Park Square Financial Group LLC lifted its stake in Pentair by 502.8% during the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 362 shares during the period. Clearstead Advisors LLC lifted its stake in Pentair by 86.4% during the 3rd quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 204 shares during the period. MUFG Securities EMEA plc acquired a new stake in Pentair during the 2nd quarter valued at approximately $50,000. Finally, REAP Financial Group LLC acquired a new position in Pentair during the third quarter valued at $53,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PNR has been the subject of a number of research reports. Oppenheimer decreased their target price on shares of Pentair from $122.00 to $115.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Citigroup decreased their price objective on Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Weiss Ratings cut Pentair from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Jefferies Financial Group reissued a “buy” rating and issued a $125.00 price objective (down from $135.00) on shares of Pentair in a report on Tuesday, March 31st. Finally, Stifel Nicolaus decreased their price objective on Pentair from $110.00 to $103.00 and set a “buy” rating for the company 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 MarketBeat, the company has an average rating of “Hold” and an average price target of $107.86.

Pentair Stock Performance

PNR opened at $73.45 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.19. The firm has a fifty day moving average price of $83.86 and a 200 day moving average price of $96.05. Pentair plc has a 1 year low of $70.73 and a 1 year high of $113.95. The stock has a market cap of $11.87 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.27 and a beta of 1.10.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The business 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 company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 earnings per share. Equities research analysts anticipate that Pentair plc will post 5.36 earnings per share for the current year.

Pentair Announces Dividend

The firm 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 $0.27 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. Pentair’s dividend payout ratio is presently 26.47%.

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.