Tsfg LLC Makes New $295,000 Investment in Pentair plc (NYSE:PNR)

Tsfg LLC acquired a new stake in Pentair plc (NYSE:PNR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,933 shares of the industrial products company’s stock, valued at approximately $295,000.

Several other institutional investors have also recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in Pentair in the second quarter valued at approximately $447,000. American Century Companies Inc. boosted its holdings in Pentair by 16.0% during the second quarter. American Century Companies Inc. now owns 15,720 shares of the industrial products company’s stock worth $1,205,000 after buying an additional 2,164 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Pentair by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 279,206 shares of the industrial products company’s stock valued at $21,407,000 after buying an additional 14,937 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Pentair by 1,217.6% in the second quarter. Brown Brothers Harriman & Co. now owns 975 shares of the industrial products company’s stock valued at $75,000 after buying an additional 901 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Pentair by 91.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock worth $159,655,000 after acquiring an additional 996,325 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Trading Up 1.8 %

PNR opened at $98.72 on Tuesday. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21. The company’s 50 day simple moving average is $104.38 and its two-hundred day simple moving average is $94.09. Pentair plc has a 1-year low of $69.42 and a 1-year high of $110.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91.

Pentair (NYSE:PNR) last announced its quarterly earnings data 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. The firm had revenue of $993.40 million for the quarter, compared to the consensus estimate of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 earnings per share. Analysts expect that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be given a dividend of $0.25 per share. This is a boost from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, January 24th. Pentair’s dividend payout ratio (DPR) is presently 25.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PNR shares. Citigroup cut their price target on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. boosted their price objective on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Pentair in a research report on Thursday, November 21st. Barclays boosted their price target on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Oppenheimer increased their price objective on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pentair has an average rating of “Moderate Buy” and a consensus price target of $111.13.

Insiders Place Their Bets

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the sale, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

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.