Cwm LLC Purchases 620 Shares of Pentair plc (NYSE:PNR)

Cwm LLC increased its position in shares of Pentair plc (NYSE:PNR) by 26.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,969 shares of the industrial products company’s stock after acquiring an additional 620 shares during the period. Cwm LLC’s holdings in Pentair were worth $216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its stake in Pentair by 4.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 34,622 shares of the industrial products company’s stock valued at $2,242,000 after purchasing an additional 1,479 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Pentair by 6.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 12,064 shares of the industrial products company’s stock worth $781,000 after buying an additional 713 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Pentair by 7.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 86,215 shares of the industrial products company’s stock worth $5,582,000 after acquiring an additional 6,215 shares during the last quarter. Xponance Inc. grew its stake in Pentair by 1.3% during the third quarter. Xponance Inc. now owns 22,911 shares of the industrial products company’s stock valued at $1,483,000 after acquiring an additional 301 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Pentair by 7.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,021 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 330 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Pentair Price Performance

Shares of PNR stock opened at $79.61 on Friday. The stock has a 50 day moving average price of $80.87 and a 200 day moving average price of $72.58. The firm has a market capitalization of $13.22 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.36 and a beta of 1.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.90. Pentair plc has a 52-week low of $55.26 and a 52-week high of $85.81.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, sell-side analysts predict that Pentair plc will post 4.24 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Investors of record on Friday, April 19th were paid a $0.23 dividend. The ex-dividend date was Thursday, April 18th. This represents a $0.92 annualized dividend and a yield of 1.16%. Pentair’s dividend payout ratio (DPR) is currently 24.47%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. TD Cowen raised their price objective on Pentair from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Barclays lifted their price objective on Pentair from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Oppenheimer increased their target price on Pentair from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Bank of America upgraded shares of Pentair from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $46.00 to $76.00 in a research report on Thursday, January 11th. Finally, KeyCorp increased their price objective on shares of Pentair from $82.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, March 7th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.93.

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.