Park Avenue Securities LLC Increases Stock Holdings in Pentair plc (NYSE:PNR)

Park Avenue Securities LLC boosted its holdings in Pentair plc (NYSE:PNRGet Rating) by 9.0% during the 1st quarter, Holdings Channel reports. The firm owned 8,844 shares of the industrial products company’s stock after acquiring an additional 732 shares during the period. Park Avenue Securities LLC’s holdings in Pentair were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of PNR. Russell Investments Group Ltd. lifted its position in shares of Pentair by 44.8% during the 4th quarter. Russell Investments Group Ltd. now owns 128,074 shares of the industrial products company’s stock valued at $9,337,000 after buying an additional 39,631 shares during the last quarter. Strs Ohio lifted its position in shares of Pentair by 19.9% during the 4th quarter. Strs Ohio now owns 28,537 shares of the industrial products company’s stock valued at $2,084,000 after buying an additional 4,740 shares during the last quarter. Gulf International Bank UK Ltd purchased a new position in shares of Pentair during the 4th quarter valued at $1,916,000. National Bank of Canada FI purchased a new position in shares of Pentair during the 4th quarter valued at $337,000. Finally, New York State Teachers Retirement System lifted its position in shares of Pentair by 2.9% during the 4th quarter. New York State Teachers Retirement System now owns 156,689 shares of the industrial products company’s stock valued at $11,443,000 after buying an additional 4,361 shares during the last quarter. Hedge funds and other institutional investors own 94.70% of the company’s stock.

Pentair Price Performance

Shares of Pentair stock opened at $46.99 on Monday. The company has a current ratio of 1.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $7.77 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 1.27 and a beta of 1.11. The business’s 50-day moving average price is $47.55 and its 200-day moving average price is $53.96. Pentair plc has a 12 month low of $43.60 and a 12 month high of $80.40.

Pentair (NYSE:PNRGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The industrial products company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. Pentair had a return on equity of 24.17% and a net margin of 13.90%. The firm had revenue of $999.60 million for the quarter, compared to analyst estimates of $948.83 million. During the same period in the prior year, the company earned $0.81 EPS. The company’s revenue was up 15.4% on a year-over-year basis. Sell-side analysts forecast that Pentair plc will post 3.7 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 5th. Investors of record on Friday, July 22nd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $0.84 annualized dividend and a yield of 1.79%. Pentair’s payout ratio is 25.93%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PNR. Northcoast Research began coverage on Pentair in a research report on Friday, July 15th. They set a “neutral” rating on the stock. Royal Bank of Canada increased their price objective on Pentair from $57.00 to $58.00 and gave the stock a “sector perform” rating in a report on Friday, April 22nd. Mizuho dropped their price objective on Pentair from $54.00 to $48.00 in a report on Monday, July 18th. Barclays raised Pentair from an “underweight” rating to an “equal weight” rating and set a $50.00 price objective on the stock in a report on Thursday, June 9th. Finally, StockNews.com assumed coverage on Pentair in a report on Thursday, March 31st. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Pentair presently has a consensus rating of “Hold” and an average target price of $70.00.

Pentair Profile

(Get Rating)

Pentair plc provides various water solutions worldwide. It operates through Consumer Solutions; and Industrial & Flow Technologies segments. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

Featured Stories

Want to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair plc (NYSE:PNRGet Rating).

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.