Compass Wealth Management LLC bought a new position in shares of Pentair plc (NYSE:PNR – Free Report) during the third quarter, Holdings Channel.com reports. The fund bought 25,022 shares of the industrial products company’s stock, valued at approximately $1,326,000.
A number of other large investors have also added to or reduced their stakes in the business. Vest Financial LLC acquired a new stake in Pentair during the 3rd quarter valued at $41,204,000. Hoese & Co LLP acquired a new position in shares of Pentair in the third quarter valued at $53,000. Crossmark Global Holdings Inc. acquired a new position in shares of Pentair in the third quarter valued at $368,000. Quadrant Capital Group LLC bought a new position in shares of Pentair in the third quarter valued at about $385,000. Finally, Pinnacle Associates Ltd. bought a new position in shares of Pentair in the third quarter valued at about $646,000. Institutional investors own 92.37% of the company’s stock.
Wall Street Analysts Forecast Growth
PNR has been the subject of a number of research reports. BNP Paribas Exane restated an “underperform” rating and set a $64.00 target price (down from $75.00) on shares of Pentair in a research note on Thursday, July 16th. Mizuho decreased their price target on shares of Pentair from $85.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Royal Bank Of Canada decreased their price target on shares of Pentair from $73.00 to $61.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 14th. Robert W. Baird lowered their price target on shares of Pentair from $83.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group cut their price objective on shares of Pentair from $73.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.19.
Read Our Latest Stock Report on Pentair
Pentair Stock Performance
PNR opened at $55.43 on Friday. The business has a fifty day simple moving average of $57.03 and a 200 day simple moving average of $68.86. The company has a market capitalization of $8.85 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04. Pentair plc has a 1 year low of $51.13 and a 1 year high of $111.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.45 and a quick ratio of 0.76.
Pentair (NYSE:PNR – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $932.60 million for the quarter, compared to analyst estimates of $943.24 million. Pentair had a return on equity of 20.62% and a net margin of 16.24%. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 EPS. Research analysts expect that Pentair plc will post 4.63 EPS for the current year.
Pentair Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, October 23rd. Pentair’s payout ratio is presently 27.14%.
Pentair Profile
Pentair plc (NYSE: PNR) is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.
The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.
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