Jefferies Group LLC purchased a new stake in Pentair (NYSE:PNR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,769 shares of the industrial products company’s stock, valued at approximately $1,114,000.
Other institutional investors also recently modified their holdings of the company. New York State Common Retirement Fund increased its holdings in shares of Pentair by 1.2% in the third quarter. New York State Common Retirement Fund now owns 542,462 shares of the industrial products company’s stock valued at $36,866,000 after purchasing an additional 6,500 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Pentair by 4.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 45,892 shares of the industrial products company’s stock worth $3,119,000 after acquiring an additional 2,047 shares during the period. AXA grew its holdings in Pentair by 2,664.8% during the 3rd quarter. AXA now owns 476,465 shares of the industrial products company’s stock worth $32,380,000 after acquiring an additional 459,232 shares during the period. First Trust Advisors LP grew its holdings in Pentair by 9.5% during the 4th quarter. First Trust Advisors LP now owns 172,780 shares of the industrial products company’s stock worth $12,202,000 after acquiring an additional 15,031 shares during the period. Finally, MUFG Americas Holdings Corp grew its holdings in Pentair by 84.3% during the 4th quarter. MUFG Americas Holdings Corp now owns 7,487 shares of the industrial products company’s stock worth $529,000 after acquiring an additional 3,425 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on PNR. UBS began coverage on shares of Pentair in a report on Monday, January 22nd. They set a “sell” rating for the company. Zacks Investment Research raised shares of Pentair from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Cowen reaffirmed a “sell” rating and set a $65.00 target price on shares of Pentair in a report on Friday, January 26th. KeyCorp lifted their target price on shares of Pentair from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $78.00 target price on shares of Pentair in a report on Wednesday, January 31st. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Pentair currently has a consensus rating of “Hold” and an average price target of $71.69.
Shares of NYSE PNR traded down $2.37 during midday trading on Friday, reaching $68.08. 897,790 shares of the stock were exchanged, compared to its average volume of 1,133,788. The stock has a market cap of $12,392.74, a price-to-earnings ratio of 19.29, a P/E/G ratio of 1.55 and a beta of 1.37. Pentair has a 12 month low of $59.13 and a 12 month high of $74.84. The company has a quick ratio of 0.97, a current ratio of 1.46 and a debt-to-equity ratio of 0.29.
Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Pentair had a net margin of 13.50% and a return on equity of 13.41%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. research analysts anticipate that Pentair will post 4.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.06%. Pentair’s dividend payout ratio is 39.66%.
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Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. The company operates through two segments, Water and Electrical. The Water segment designs, manufactures, and services products and solutions to meet filtration, separation, flow, and water management challenges in agriculture, aquaculture, foodservice, food and beverage processing, swimming pools, water supply and disposal, and various industrial applications.
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