ING Groep NV acquired a new position in shares of Pentair plc (NYSE:PNR – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 107,948 shares of the industrial products company’s stock, valued at approximately $11,242,000.
Other large investors also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC increased its stake in Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 105 shares during the last quarter. Wexford Capital LP bought a new stake in Pentair during the third quarter worth approximately $26,000. Park Square Financial Group LLC increased its stake in Pentair by 502.8% during the fourth quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 362 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of Pentair by 86.4% during the third quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $49,000 after buying an additional 204 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Pentair during the second quarter valued at approximately $50,000. 92.37% of the stock is owned by institutional investors.
Pentair Stock Up 0.0%
Pentair stock opened at $73.17 on Monday. The business has a fifty day moving average of $81.24 and a two-hundred day moving average of $94.10. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. The firm has a market cap of $11.83 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.24 and a beta of 1.05. Pentair plc has a twelve month low of $69.93 and a twelve month high of $113.95.
Pentair Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, July 24th. Pentair’s dividend payout ratio is currently 26.47%.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. TD Cowen cut their target price on Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research note on Wednesday, April 29th. Barclays cut their target price on Pentair from $95.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings cut Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Stifel Nicolaus cut their target price on Pentair from $110.00 to $103.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, Robert W. Baird set a $110.00 price target on Pentair in a report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $107.86.
Read Our Latest Stock Analysis on Pentair
Pentair Company Profile
Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.
Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.
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