Symmetry Partners LLC Purchases New Position in Pentair plc (NYSE:PNR)

Symmetry Partners LLC acquired a new stake in Pentair plc (NYSE:PNRFree Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,662 shares of the industrial products company’s stock, valued at approximately $398,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. increased its stake in Pentair by 354.4% in the 4th quarter. Nomura Holdings Inc. now owns 19,777 shares of the industrial products company’s stock valued at $1,438,000 after buying an additional 15,425 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Pentair during the 4th quarter worth approximately $205,000. Quadrature Capital Ltd purchased a new stake in shares of Pentair during the 4th quarter worth approximately $834,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Pentair during the 4th quarter worth approximately $2,908,000. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of Pentair by 82.8% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 11,844 shares of the industrial products company’s stock worth $861,000 after purchasing an additional 5,366 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Up 2.0 %

Shares of NYSE:PNR opened at $79.59 on Wednesday. Pentair plc has a one year low of $57.18 and a one year high of $85.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 1.17. The company has a market cap of $13.21 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 1.34 and a beta of 1.22. The firm has a fifty day moving average price of $80.66 and a two-hundred day moving average price of $77.06.

Pentair (NYSE:PNRGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. Analysts anticipate that Pentair plc will post 4.24 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, July 19th. Pentair’s dividend payout ratio is presently 24.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Stifel Nicolaus raised their price target on shares of Pentair from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. UBS Group lifted their price objective on shares of Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $91.00 price objective on shares of Pentair in a research note on Friday, March 22nd. Finally, TD Cowen lifted their price objective on shares of Pentair from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.93.

Get Our Latest Analysis on Pentair

Insiders Place Their Bets

In other Pentair news, CEO Jerome O. Pedretti sold 24,747 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total value of $2,089,884.15. Following the completion of the sale, the chief executive officer now directly owns 38,538 shares of the company’s stock, valued at $3,254,534.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.28% of the stock is currently owned by insiders.

Pentair Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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