Citizens Financial Group Inc RI Purchases 908 Shares of Pentair PLC (NYSE:PNR)

Citizens Financial Group Inc RI grew its position in shares of Pentair PLC (NYSE:PNR) by 61.1% in the 1st quarter, HoldingsChannel reports. The fund owned 2,393 shares of the industrial products company’s stock after buying an additional 908 shares during the period. Citizens Financial Group Inc RI’s holdings in Pentair were worth $71,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ETRADE Capital Management LLC increased its holdings in shares of Pentair by 2.6% during the first quarter. ETRADE Capital Management LLC now owns 33,374 shares of the industrial products company’s stock valued at $994,000 after acquiring an additional 837 shares in the last quarter. Lighthouse Financial Advisors Inc. increased its holdings in shares of Pentair by 19.7% during the first quarter. Lighthouse Financial Advisors Inc. now owns 52,279 shares of the industrial products company’s stock valued at $1,547,000 after acquiring an additional 8,589 shares in the last quarter. Swiss National Bank increased its holdings in shares of Pentair by 23.1% during the first quarter. Swiss National Bank now owns 619,804 shares of the industrial products company’s stock valued at $18,445,000 after acquiring an additional 116,400 shares in the last quarter. WASHINGTON TRUST Co bought a new stake in shares of Pentair during the first quarter valued at approximately $27,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Pentair by 210.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,047 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 2,064 shares in the last quarter. Hedge funds and other institutional investors own 86.46% of the company’s stock.

PNR stock opened at $36.22 on Friday. The stock’s fifty day simple moving average is $32.47 and its two-hundred day simple moving average is $39.71. The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.77. Pentair PLC has a 1-year low of $22.01 and a 1-year high of $47.43. The stock has a market cap of $6.00 billion, a P/E ratio of 16.24, a P/E/G ratio of 2.65 and a beta of 1.32.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.08. Pentair had a return on equity of 22.25% and a net margin of 12.66%. The business had revenue of $710.00 million for the quarter, compared to analysts’ expectations of $680.04 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. As a group, analysts forecast that Pentair PLC will post 2.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a $0.19 dividend. The ex-dividend date is Thursday, July 23rd. This represents a $0.76 annualized dividend and a yield of 2.10%. Pentair’s dividend payout ratio is currently 31.93%.

Several research firms have recently commented on PNR. Rosenblatt Securities boosted their price objective on Pentair from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, May 4th. Oppenheimer upped their price target on Pentair from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. UBS Group upped their price target on Pentair from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. KeyCorp upped their price target on Pentair from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Citigroup upped their price target on Pentair from $31.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Pentair presently has an average rating of “Hold” and an average target price of $40.75.

Pentair Profile

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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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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