Values First Advisors Inc. Makes New $178,000 Investment in Pentair plc (NYSE:PNR)

Values First Advisors Inc. purchased a new position in shares of Pentair plc (NYSE:PNR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,820 shares of the industrial products company’s stock, valued at approximately $178,000.

A number of other hedge funds have also made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in Pentair during the second quarter worth approximately $25,000. Crewe Advisors LLC boosted its holdings in shares of Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after buying an additional 267 shares during the period. Family Firm Inc. acquired a new position in Pentair in the 2nd quarter valued at $48,000. Blue Trust Inc. grew its stake in Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after buying an additional 327 shares during the last quarter. Finally, LRI Investments LLC bought a new position in Pentair in the 1st quarter worth $56,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Price Performance

NYSE:PNR opened at $99.39 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 1.60. The company has a 50-day moving average of $92.53 and a 200-day moving average of $84.83. Pentair plc has a 52 week low of $57.18 and a 52 week high of $99.96. The company has a market capitalization of $16.45 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.76 and a beta of 1.20.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The firm had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter last year, the company earned $0.94 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Pentair plc will post 4.27 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, October 18th. Pentair’s dividend payout ratio (DPR) is 23.00%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PNR. UBS Group upped their price target on shares of Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho increased their target price on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. The Goldman Sachs Group lifted their price target on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday. Oppenheimer upped their price target on Pentair from $98.00 to $110.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, TD Cowen raised their price objective on shares of Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.80.

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.