Dupont Capital Management Corp Buys 570 Shares of Pentair plc (NYSE:PNR)

Dupont Capital Management Corp lifted its stake in shares of Pentair plc (NYSE:PNRGet Rating) by 57.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,569 shares of the industrial products company’s stock after acquiring an additional 570 shares during the quarter. Dupont Capital Management Corp’s holdings in Pentair were worth $64,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. LS Investment Advisors LLC bought a new position in shares of Pentair during the second quarter worth about $41,000. Wipfli Financial Advisors LLC acquired a new stake in Pentair during the third quarter worth approximately $45,000. Ancora Advisors LLC acquired a new stake in Pentair during the first quarter worth approximately $56,000. Venture Visionary Partners LLC acquired a new stake in Pentair during the second quarter worth approximately $64,000. Finally, Larson Financial Group LLC grew its stake in Pentair by 127.7% during the second quarter. Larson Financial Group LLC now owns 1,658 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 930 shares during the period. 90.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on PNR. StockNews.com raised Pentair from a “sell” rating to a “hold” rating in a research note on Friday, January 6th. Mizuho raised Pentair from a “neutral” rating to a “buy” rating and raised their price objective for the company from $44.00 to $60.00 in a research note on Friday, January 13th. TheStreet cut Pentair from a “b-” rating to a “c+” rating in a research note on Friday, October 7th. Barclays raised their price objective on Pentair from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Thursday, January 5th. Finally, Morgan Stanley raised their price objective on Pentair from $39.00 to $41.00 and gave the company an “underweight” rating in a research note on Friday, January 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $54.20.

Insider Buying and Selling

In related news, Director Glynis Bryan sold 3,947 shares of Pentair stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $45.14, for a total transaction of $178,167.58. Following the sale, the director now directly owns 27,609 shares in the company, valued at $1,246,270.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

Pentair Stock Down 4.0 %

Shares of NYSE:PNR opened at $48.03 on Friday. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 1.65 and a beta of 1.07. The company has a quick ratio of 0.71, a current ratio of 1.42 and a debt-to-equity ratio of 0.93. Pentair plc has a 12-month low of $38.55 and a 12-month high of $66.77. The business’s 50 day moving average is $46.02 and its 200 day moving average is $45.25.

Pentair (NYSE:PNRGet Rating) last announced its earnings results on Tuesday, October 25th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.06. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Pentair had a return on equity of 24.47% and a net margin of 13.02%. Pentair’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. On average, sell-side analysts forecast that Pentair plc will post 3.65 earnings per share for the current fiscal year.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 3rd. Investors of record on Friday, January 20th will be issued a dividend of $0.22 per share. This is a positive change from Pentair’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, January 19th. Pentair’s dividend payout ratio (DPR) is 26.17%.

Pentair Company 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.

Further Reading

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.