United Asset Strategies Inc. Has $908,000 Stock Holdings in Pentair plc (NYSE:PNR)

United Asset Strategies Inc. raised its holdings in Pentair plc (NYSE:PNR) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,484 shares of the industrial products company’s stock after purchasing an additional 836 shares during the quarter. United Asset Strategies Inc.’s holdings in Pentair were worth $908,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Pentair by 10.6% during the 1st quarter. BlackRock Inc. now owns 15,999,717 shares of the industrial products company’s stock worth $884,304,000 after buying an additional 1,526,893 shares during the period. Millennium Management LLC lifted its stake in shares of Pentair by 100.3% in the 4th quarter. Millennium Management LLC now owns 2,208,270 shares of the industrial products company’s stock valued at $99,328,000 after purchasing an additional 1,105,735 shares during the period. Robeco Schweiz AG lifted its stake in shares of Pentair by 41.3% in the 1st quarter. Robeco Schweiz AG now owns 2,667,551 shares of the industrial products company’s stock valued at $144,608,000 after purchasing an additional 780,043 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Pentair by 176.4% in the 1st quarter. Renaissance Technologies LLC now owns 892,164 shares of the industrial products company’s stock valued at $48,364,000 after purchasing an additional 569,400 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Pentair by 8.2% in the 1st quarter. Invesco Ltd. now owns 6,346,517 shares of the industrial products company’s stock valued at $344,045,000 after purchasing an additional 479,701 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. BNP Paribas assumed coverage on Pentair in a research note on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 price objective on the stock. Barclays boosted their target price on Pentair from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $91.00 target price on shares of Pentair in a research report on Friday, March 22nd. Northcoast Research raised shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Monday. Finally, Mizuho lifted their price target on shares of Pentair from $82.00 to $100.00 and gave the company a “buy” 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, Pentair currently has an average rating of “Moderate Buy” and an average price target of $87.33.

Pentair Trading Down 0.4 %

NYSE PNR opened at $80.03 on Wednesday. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.53 and a beta of 1.20. Pentair plc has a one year low of $51.38 and a one year high of $85.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.94. The business’s fifty day moving average is $79.76 and its 200-day moving average is $71.24.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The company had revenue of $984.60 million for the quarter, compared to analysts’ expectations of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. Equities research analysts predict that Pentair plc will post 4.21 EPS for the current year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, April 18th. Pentair’s dividend payout ratio is currently 24.53%.

About Pentair

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.