Amalgamated Bank Has $3.30 Million Position in Pentair plc (NYSE:PNR)

Amalgamated Bank trimmed its holdings in Pentair plc (NYSE:PNR) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,811 shares of the industrial products company’s stock after selling 775 shares during the quarter. Amalgamated Bank’s holdings in Pentair were worth $3,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in PNR. Quarry LP increased its holdings in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 294 shares in the last quarter. Eastern Bank increased its stake in shares of Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 300 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Pentair during the 4th quarter valued at $56,000. Finally, True Wealth Design LLC boosted its stake in Pentair by 4,450.0% during the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 623 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PNR. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research note on Thursday. Oppenheimer upped their price target on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Robert W. Baird raised their price objective on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price objective on shares of Pentair in a report on Thursday, November 21st. Finally, Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Pentair has an average rating of “Moderate Buy” and an average price target of $111.25.

Pentair Stock Performance

NYSE PNR opened at $94.29 on Friday. The company has a fifty day moving average price of $99.52 and a 200-day moving average price of $98.44. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 1.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.06%. Pentair’s dividend payout ratio is currently 26.74%.

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.