Bailard Inc. Increases Holdings in Pentair plc (NYSE:PNR)

Bailard Inc. increased its holdings in shares of Pentair plc (NYSE:PNR) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,392 shares of the industrial products company’s stock after acquiring an additional 207 shares during the period. Bailard Inc.’s holdings in Pentair were worth $845,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PNR. Quarry LP grew its holdings in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in Pentair by 753.8% during the fourth 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 lifted 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 in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Pentair during the 4th quarter valued at about $55,000. Finally, Friedenthal Financial purchased a new position in shares of Pentair during the fourth quarter valued at about $56,000. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

PNR has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 target price on shares of Pentair in a research report on Thursday, November 21st. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Barclays boosted their price target on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, Wolfe Research assumed coverage on shares of Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.25.

Pentair Stock Down 2.8 %

Shares of NYSE PNR opened at $91.54 on Tuesday. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The firm has a 50-day simple moving average of $99.52 and a two-hundred day simple moving average of $98.55. The company has a market cap of $15.09 billion, a P/E ratio of 24.48, 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 (NYSE:PNR) last issued its quarterly earnings results 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. The firm had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. Pentair’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. Research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Thursday, April 17th. Pentair’s payout ratio is presently 26.74%.

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.