54,652 Shares in Pentair plc (NYSE:PNR) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Pentair plc (NYSE:PNR) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 54,652 shares of the industrial products company’s stock, valued at approximately $55,000.

Several other hedge funds also recently bought and sold shares of the stock. Quarry LP boosted its position in shares of Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 134 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 294 shares during the period. Eastern Bank boosted its position in Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares during the period. Friedenthal Financial bought a new stake in Pentair in the fourth quarter valued at $56,000. Finally, True Wealth Design LLC increased its holdings in shares of Pentair by 4,450.0% in the 3rd quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 623 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Down 1.9 %

Shares of PNR opened at $83.90 on Friday. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $97.43 and a two-hundred day moving average price of $98.65. The stock has a market cap of $13.83 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 1.87 and a beta of 1.23.

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

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.19%. Pentair’s dividend payout ratio is currently 26.74%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PNR shares. Robert W. Baird raised their price target on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research report on Tuesday. Citigroup lowered their target price on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research started coverage on shares of Pentair in a report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 target price for the company. Finally, KeyCorp reaffirmed a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Pentair has a consensus rating of “Moderate Buy” and a consensus price target of $112.93.

Pentair 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.