Sound Financial Strategies Group LLC Buys 661 Shares of Pentair plc (NYSE:PNR)

Sound Financial Strategies Group LLC lifted its position in Pentair plc (NYSE:PNR) by 7.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,722 shares of the industrial products company’s stock after purchasing an additional 661 shares during the quarter. Pentair accounts for about 0.8% of Sound Financial Strategies Group LLC’s holdings, making the stock its 11th largest holding. Sound Financial Strategies Group LLC’s holdings in Pentair were worth $978,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Quarry LP grew its stake in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares during the last quarter. SJS Investment Consulting Inc. grew its position in Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 294 shares during the last quarter. Eastern Bank increased its stake in Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares during the period. Proficio Capital Partners LLC bought a new stake in Pentair in the fourth quarter valued at approximately $55,000. Finally, Friedenthal Financial purchased a new stake in shares of Pentair during the fourth quarter valued at approximately $56,000. 92.37% of the stock is currently owned by institutional investors.

Pentair Stock Performance

PNR opened at $89.59 on Wednesday. The company’s 50 day moving average is $99.32 and its 200 day moving average is $98.60. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The company has a market cap of $14.77 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.87 and a beta of 1.20. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. During the same period last year, the firm earned $0.87 EPS. Pentair’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Thursday, April 17th. Pentair’s dividend payout ratio (DPR) is 26.74%.

Analyst Upgrades and Downgrades

PNR has been the subject of several analyst reports. Wolfe Research began coverage on shares of Pentair in a research report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price target for the company. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Barclays lifted their price objective on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Citigroup decreased their price objective on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Pentair in a research report on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Pentair currently has an average rating of “Moderate Buy” and a consensus price target of $111.25.

Pentair 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.