Sequoia Financial Advisors LLC Purchases New Shares in Pentair plc (NYSE:PNR)

Sequoia Financial Advisors LLC purchased a new stake in Pentair plc (NYSE:PNR) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,683 shares of the industrial products company’s stock, valued at approximately $340,000.

Several other large investors have also added to or reduced their stakes in PNR. Assetmark Inc. lifted its position in Pentair by 935.1% during the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock valued at $25,000 after buying an additional 346 shares during the period. Quent Capital LLC lifted its position in Pentair by 112.7% during the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after buying an additional 213 shares during the period. IFP Advisors Inc lifted its position in Pentair by 97.6% during the third quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock valued at $26,000 after buying an additional 202 shares during the period. Baystate Wealth Management LLC purchased a new position in Pentair during the third quarter valued at $30,000. Finally, Operose Advisors LLC purchased a new position in Pentair during the third quarter valued at $34,000. Institutional investors own 92.37% of the company’s stock.

Pentair Trading Down 0.9 %

Shares of NYSE:PNR opened at $78.49 on Friday. The stock has a 50 day moving average of $79.94 and a 200 day moving average of $71.35. The company has a market cap of $13.03 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.20. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. Pentair plc has a 12-month low of $51.38 and a 12-month high of $85.81.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The company had revenue of $984.60 million during the quarter, compared to the consensus estimate of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 EPS. As a group, equities research analysts expect that Pentair plc will post 4.21 EPS for the current year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. Pentair’s dividend payout ratio is presently 24.53%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Oppenheimer reissued an “outperform” rating and set a $88.00 price objective (up previously from $82.00) on shares of Pentair in a research report on Thursday, March 7th. Stifel Nicolaus lifted their price target on Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Citigroup lifted their price target on Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. UBS Group lifted their price target on Pentair from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Royal Bank of Canada lifted their price target on Pentair from $78.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.33.

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.