Creative Planning boosted its holdings in Pentair PLC (NYSE:PNR) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,365 shares of the industrial products company’s stock after buying an additional 627 shares during the quarter. Creative Planning’s holdings in Pentair were worth $292,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Horan Capital Advisors LLC. purchased a new position in Pentair in the third quarter valued at $26,000. AdvisorNet Financial Inc increased its holdings in Pentair by 35.6% in the third quarter. AdvisorNet Financial Inc now owns 990 shares of the industrial products company’s stock valued at $37,000 after buying an additional 260 shares during the last quarter. Covington Capital Management increased its holdings in Pentair by 25.0% in the third quarter. Covington Capital Management now owns 1,250 shares of the industrial products company’s stock valued at $47,000 after buying an additional 250 shares during the last quarter. NEXT Financial Group Inc increased its holdings in Pentair by 418.3% in the fourth quarter. NEXT Financial Group Inc now owns 1,218 shares of the industrial products company’s stock valued at $56,000 after buying an additional 983 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new position in Pentair in the fourth quarter valued at $161,000. 84.77% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director T Michael Glenn sold 6,116 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $44.23, for a total transaction of $270,510.68. Following the completion of the sale, the director now owns 24,702 shares in the company, valued at $1,092,569.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on the company. Rosenblatt Securities reissued a “buy” rating on shares of Pentair in a report on Wednesday, January 29th. Stifel Nicolaus lowered Pentair from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a report on Tuesday, December 17th. UBS Group assumed coverage on Pentair in a report on Wednesday, December 11th. They set a “hold” rating and a $42.00 price objective on the stock. Zacks Investment Research raised Pentair from a “sell” rating to a “hold” rating and set a $44.00 price objective on the stock in a report on Friday, October 25th. Finally, Cowen raised their price objective on Pentair from $45.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $47.20.
Shares of PNR stock opened at $44.64 on Friday. The stock’s 50-day moving average is $45.31 and its two-hundred day moving average is $41.21. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.60 and a beta of 1.23. Pentair PLC has a 1 year low of $34.50 and a 1 year high of $47.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 1.42.
Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, January 28th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.03. The company had revenue of $755.20 million for the quarter, compared to analyst estimates of $754.02 million. Pentair had a return on equity of 21.60% and a net margin of 12.03%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. As a group, research analysts predict that Pentair PLC will post 2.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were issued a dividend of $0.19 per share. This is a positive change from Pentair’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $0.76 annualized dividend and a dividend yield of 1.70%. Pentair’s dividend payout ratio (DPR) is presently 31.93%.
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
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