Atria Wealth Solutions Inc. Acquires 1,986 Shares of Pentair plc (NYSE:PNR)

Atria Wealth Solutions Inc. lifted its stake in Pentair plc (NYSE:PNR) by 91.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,150 shares of the industrial products company’s stock after buying an additional 1,986 shares during the period. Atria Wealth Solutions Inc.’s holdings in Pentair were worth $418,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its position in shares of Pentair by 3.1% during the 3rd quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock worth $856,257,000 after purchasing an additional 259,922 shares in the last quarter. FMR LLC raised its position in shares of Pentair by 4.7% in the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after acquiring an additional 258,134 shares during the period. Geode Capital Management LLC boosted its position in shares of Pentair by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock worth $389,800,000 after purchasing an additional 19,853 shares in the last quarter. Swedbank AB increased its holdings in shares of Pentair by 17.9% in the third quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company’s stock worth $132,141,000 after acquiring an additional 205,000 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Pentair by 0.7% during the 3rd quarter. Swiss National Bank now owns 492,787 shares of the industrial products company’s stock worth $48,190,000 after buying an additional 3,300 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Pentair Stock Down 0.3 %

Shares of PNR stock opened at $92.97 on Friday. The company’s fifty day simple moving average is $99.68 and its two-hundred day simple moving average is $98.27. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The stock has a market cap of $15.36 billion, a P/E ratio of 24.86, a PEG ratio of 1.87 and a beta of 1.20. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. During the same period in the prior year, the firm earned $0.87 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. Pentair’s dividend payout ratio (DPR) is 26.74%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PNR shares. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research report on Thursday. Barclays increased their price objective on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Oppenheimer increased their price objective on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, Citigroup decreased their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.25.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.