Tidal Investments LLC Has $1.41 Million Stake in Pentair plc (NYSE:PNR)

Tidal Investments LLC lifted its position in Pentair plc (NYSE:PNR) by 35.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,430 shares of the industrial products company’s stock after buying an additional 3,752 shares during the quarter. Tidal Investments LLC’s holdings in Pentair were worth $1,411,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PNR. Crewe Advisors LLC increased its stake in shares of Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 267 shares during the last quarter. Quarry LP boosted its holdings in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares in the last quarter. Family Firm Inc. acquired a new position in Pentair during the second quarter worth $48,000. Blue Trust Inc. raised its holdings in Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after buying an additional 327 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in shares of Pentair by 4,450.0% in the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after buying an additional 623 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

PNR has been the topic of a number of recent analyst reports. Citigroup raised their price objective on Pentair from $113.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Mizuho lifted their price target on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. UBS Group boosted their price objective on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. TD Cowen raised their target price on shares of Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Pentair in a research report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.38.

Pentair Stock Down 4.1 %

Shares of PNR opened at $101.17 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $103.73 and a two-hundred day moving average price of $91.36. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 1.91 and a beta of 1.20. Pentair plc has a 12 month low of $68.08 and a 12 month high of $110.71.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. During the same quarter in the previous year, the firm earned $0.94 EPS. Pentair’s quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts predict that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a $0.25 dividend. This is a positive change from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. Pentair’s dividend payout ratio is presently 23.00%.

Insider Buying and Selling

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. This represents a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.28% of the stock is currently owned by corporate insiders.

Pentair Profile

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.