Leavell Investment Management Inc. raised its holdings in shares of Pentair plc (NYSE:PNR – Free Report) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,088 shares of the industrial products company’s stock after acquiring an additional 112 shares during the period. Leavell Investment Management Inc.’s holdings in Pentair were worth $420,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of PNR. GAMMA Investing LLC grew its position in Pentair by 14.0% during the first quarter. GAMMA Investing LLC now owns 3,964 shares of the industrial products company’s stock valued at $347,000 after acquiring an additional 487 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Pentair during the first quarter valued at approximately $231,000. Sequoia Financial Advisors LLC grew its position in Pentair by 31.5% during the first quarter. Sequoia Financial Advisors LLC now owns 4,453 shares of the industrial products company’s stock valued at $390,000 after acquiring an additional 1,067 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Pentair by 8.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,500 shares of the industrial products company’s stock valued at $2,562,000 after acquiring an additional 2,410 shares during the last quarter. Finally, Amalgamated Bank grew its position in Pentair by 1.4% during the first quarter. Amalgamated Bank now owns 33,274 shares of the industrial products company’s stock valued at $2,911,000 after acquiring an additional 463 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.
Pentair Price Performance
Shares of NYSE:PNR opened at $109.07 on Tuesday. Pentair plc has a 1-year low of $74.25 and a 1-year high of $113.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 0.82. The business has a fifty day moving average price of $109.50 and a 200-day moving average price of $102.29. The company has a market capitalization of $17.85 billion, a PE ratio of 27.68, a PEG ratio of 2.05 and a beta of 1.10.
Pentair Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 24th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, October 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. Pentair’s dividend payout ratio (DPR) is presently 25.38%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Mizuho raised their target price on shares of Pentair from $118.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, July 23rd. UBS Group raised their target price on shares of Pentair from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Barclays raised their target price on shares of Pentair from $125.00 to $127.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Stifel Nicolaus raised their target price on shares of Pentair from $104.00 to $124.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Finally, Royal Bank Of Canada raised their target price on shares of Pentair from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and an average target price of $119.93.
Check Out Our Latest Report on PNR
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.
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