IFM Investors Pty Ltd Buys 7,099 Shares of Pentair plc $PNR

IFM Investors Pty Ltd increased its stake in shares of Pentair plc (NYSE:PNR) by 13.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,788 shares of the industrial products company’s stock after purchasing an additional 7,099 shares during the period. IFM Investors Pty Ltd’s holdings in Pentair were worth $5,121,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Moors & Cabot Inc. boosted its position in shares of Pentair by 0.9% in the 3rd quarter. Moors & Cabot Inc. now owns 11,006 shares of the industrial products company’s stock worth $1,219,000 after purchasing an additional 100 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Pentair by 1.2% in the third quarter. Private Advisor Group LLC now owns 8,888 shares of the industrial products company’s stock worth $984,000 after acquiring an additional 105 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 105 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Pentair by 0.3% in the 2nd quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company’s stock worth $3,915,000 after purchasing an additional 107 shares during the last quarter. Finally, Plan A Wealth LLC boosted its stake in Pentair by 6.0% in the 4th quarter. Plan A Wealth LLC now owns 2,009 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

PNR has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price objective on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings cut shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Robert W. Baird set a $110.00 price objective on shares of Pentair in a report on Wednesday, April 29th. Oppenheimer reduced their target price on Pentair from $122.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $125.00 price target (down from $135.00) on shares of Pentair in a research note on Tuesday, March 31st. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $107.86.

Pentair Stock Up 0.0%

Shares of PNR stock opened at $76.74 on Friday. 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. The stock has a market cap of $12.40 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.30 and a beta of 1.03. The company has a 50 day simple moving average of $75.83 and a two-hundred day simple moving average of $89.99.

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

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a dividend of $0.27 per share. 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 1.4%. Pentair’s payout ratio is 26.47%.

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.