54,707 Shares in Pentair PLC (PNR) Acquired by Quantitative Systematic Strategies LLC
Quantitative Systematic Strategies LLC bought a new position in shares of Pentair PLC (NYSE:PNR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,707 shares of the industrial products company’s stock, valued at approximately $2,435,000.
Several other institutional investors have also modified their holdings of PNR. CSat Investment Advisory L.P. raised its holdings in shares of Pentair by 47.8% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,017 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 329 shares during the last quarter. Enlightenment Research LLC purchased a new position in shares of Pentair during the fourth quarter worth $42,000. Mercer Capital Advisers Inc. raised its holdings in shares of Pentair by 52.0% during the fourth quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 650 shares during the last quarter. ETF Managers Group LLC raised its holdings in shares of Pentair by 19.6% during the fourth quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 325 shares during the last quarter. Finally, ERTS Wealth Advisors LLC purchased a new position in shares of Pentair during the fourth quarter worth $156,000. 85.80% of the stock is owned by hedge funds and other institutional investors.
PNR has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. BMO Capital Markets cut their price objective on shares of Pentair from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, April 10th. ValuEngine cut shares of Pentair from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Pentair in a report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Pentair currently has an average rating of “Hold” and a consensus target price of $45.90.
Shares of NYSE PNR traded down $0.17 during trading on Monday, hitting $39.89. The company had a trading volume of 1,384,104 shares, compared to its average volume of 1,630,435. Pentair PLC has a fifty-two week low of $35.30 and a fifty-two week high of $72.96. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 2.50 and a beta of 1.25. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 0.43.
Pentair (NYSE:PNR) last announced its earnings results on Tuesday, January 29th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. Pentair had a net margin of 9.92% and a return on equity of 18.86%. The business had revenue of $740.50 million for the quarter, compared to analyst estimates of $735.74 million. During the same quarter last year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that Pentair PLC will post 2.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $0.72 annualized dividend and a dividend yield of 1.80%. Pentair’s dividend payout ratio (DPR) is 30.64%.
Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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