Y Intercept Hong Kong Ltd bought a new stake in Pentair plc (NYSE:PNR – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 84,366 shares of the industrial products company’s stock, valued at approximately $7,349,000. Y Intercept Hong Kong Ltd owned approximately 0.05% of Pentair as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC increased its stake in Pentair by 71.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after buying an additional 105 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Pentair during the 3rd quarter worth about $26,000. Motiv8 Investments LLC bought a new position in shares of Pentair in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Pentair in the fourth quarter valued at about $43,000. Finally, Park Square Financial Group LLC increased its position in shares of Pentair by 502.8% in the fourth quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 362 shares during the last quarter. 92.37% of the stock is owned by institutional investors.
Pentair Price Performance
NYSE:PNR opened at $76.74 on Friday. Pentair plc has a 12-month low of $69.93 and a 12-month high of $113.95. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.30 and a beta of 1.03. The stock’s 50 day moving average price is $75.83 and its two-hundred day moving average price is $89.99. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51.
Pentair Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, July 24th. Pentair’s payout ratio is currently 26.47%.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. Royal Bank Of Canada reduced their price target on Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Seaport Research Partners lowered their price target on Pentair from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Jefferies Financial Group reissued a “buy” rating and issued a $125.00 price objective (down from $135.00) on shares of Pentair in a report on Tuesday, March 31st. Bank of America decreased their target price on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Finally, Oppenheimer lowered their target price on shares of Pentair from $122.00 to $115.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Pentair has an average rating of “Hold” and an average price target of $107.86.
Read Our Latest Report on Pentair
Pentair 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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