Lombard Odier Asset Management Europe Ltd bought a new position in shares of Pentair plc (NYSE:PNR – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 121,665 shares of the industrial products company’s stock, valued at approximately $5,472,000. Lombard Odier Asset Management Europe Ltd owned 0.07% of Pentair at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Eisler Capital UK Ltd. acquired a new stake in shares of Pentair during the third quarter valued at about $27,000. AdvisorNet Financial Inc increased its position in shares of Pentair by 68.6% during the fourth quarter. AdvisorNet Financial Inc now owns 590 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 240 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of Pentair during the first quarter valued at about $56,000. Quadrant Capital Group LLC grew its holdings in shares of Pentair by 88.0% in the third quarter. Quadrant Capital Group LLC now owns 1,397 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 654 shares in the last quarter. Finally, CI Investments Inc. grew its holdings in shares of Pentair by 19,877.8% in the third quarter. CI Investments Inc. now owns 1,798 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 1,789 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.
Pentair Stock Up 1.0 %
Shares of NYSE:PNR traded up $0.60 during trading on Monday, hitting $59.77. 966,956 shares of the company were exchanged, compared to its average volume of 1,503,810. The firm’s 50 day moving average price is $56.49 and its 200-day moving average price is $52.78. Pentair plc has a 12-month low of $38.55 and a 12-month high of $60.88. The stock has a market capitalization of $9.86 billion, a P/E ratio of 20.06, a PEG ratio of 1.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.76 and a quick ratio of 0.98.
Pentair (NYSE:PNR – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The industrial products company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.77 by $0.14. Pentair had a net margin of 11.88% and a return on equity of 23.09%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $996.02 million. During the same quarter in the prior year, the firm earned $0.85 EPS. Pentair’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, research analysts predict that Pentair plc will post 3.65 earnings per share for the current fiscal year.
Pentair Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 21st will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $0.88 annualized dividend and a yield of 1.47%. Pentair’s dividend payout ratio is currently 29.53%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on PNR. Stifel Nicolaus lifted their price objective on shares of Pentair from $69.00 to $71.00 in a report on Friday, April 28th. Oppenheimer lifted their price target on shares of Pentair from $70.00 to $72.00 in a research note on Friday, April 28th. Barclays lifted their price target on shares of Pentair from $65.00 to $66.00 in a research note on Monday, May 1st. StockNews.com started coverage on shares of Pentair in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Cowen lifted their price target on shares of Pentair from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.14.
Pentair Company Profile
Pentair plc engages in the provision of water solutions for residential, commercial, industrial, infrastructure, and agriculture applications. Its portfolio of solutions enables people, businesses, and industries to access clean, safe water, reduce water consumption, and recover and reuse it. The firm operates through the following business segments: Consumer Solutions and Industrial & Flow Technologies.
See Also
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