Tower Research Capital LLC TRC Buys 14,127 Shares of Pentair plc (NYSE:PNR)

Tower Research Capital LLC TRC increased its position in Pentair plc (NYSE:PNRFree Report) by 207.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,942 shares of the industrial products company’s stock after acquiring an additional 14,127 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Pentair were worth $1,523,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PNR. Lindbrook Capital LLC lifted its stake in Pentair by 82.4% in the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Quent Capital LLC increased its holdings in shares of Pentair by 112.7% in the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 213 shares during the period. Operose Advisors LLC purchased a new stake in shares of Pentair in the third quarter worth $34,000. Rational Advisors LLC bought a new stake in Pentair during the third quarter valued at $41,000. Finally, EverSource Wealth Advisors LLC grew its position in Pentair by 24.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock worth $64,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Activity

In related news, CEO Jerome O. Pedretti sold 24,747 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $84.45, for a total value of $2,089,884.15. Following the sale, the chief executive officer now directly owns 38,538 shares of the company’s stock, valued at $3,254,534.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on PNR shares. Oppenheimer lifted their price target on Pentair from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Royal Bank of Canada lifted their price objective on shares of Pentair from $101.00 to $103.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Citigroup upped their target price on Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. UBS Group upped their price target on shares of Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Stifel Nicolaus raised their price target on Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pentair presently has a consensus rating of “Moderate Buy” and an average target price of $89.93.

Read Our Latest Report on Pentair

Pentair Stock Performance

Shares of PNR stock opened at $78.60 on Tuesday. The firm has a market capitalization of $13.05 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.33 and a beta of 1.22. The stock has a fifty day moving average of $81.35 and a 200 day moving average of $76.34. Pentair plc has a 52 week low of $57.18 and a 52 week high of $85.84. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.63.

Pentair (NYSE:PNRGet Free Report) last posted its earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.90 by $0.04. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company posted $0.91 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, research analysts expect that Pentair plc will post 4.24 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, July 19th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.17%. Pentair’s dividend payout ratio (DPR) is 24.47%.

Pentair Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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