Arjuna Capital Takes Position in Pentair plc $PNR

Arjuna Capital acquired a new stake in shares of Pentair plc (NYSE:PNR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,577 shares of the industrial products company’s stock, valued at approximately $1,414,000.

Other institutional investors have also added to or reduced their stakes in the company. Wexford Capital LP bought a new stake in Pentair in the 3rd quarter valued at $26,000. Richardson Financial Services Inc. lifted its stake in Pentair by 64.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 98 shares in the last quarter. Root Financial Partners LLC bought a new stake in Pentair in the 3rd quarter valued at approximately $41,000. CoreCap Advisors LLC lifted its stake in Pentair by 58.8% in the 3rd quarter. CoreCap Advisors LLC now owns 405 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 150 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its stake in Pentair by 86.4% in the 3rd quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 204 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Insider Activity

In other Pentair news, EVP Philip M. Rolchigo sold 6,493 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total transaction of $670,207.46. Following the transaction, the executive vice president owned 29,096 shares in the company, valued at $3,003,289.12. This represents a 18.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PNR has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and issued a $125.00 target price (down from $135.00) on shares of Pentair in a research note on Tuesday, March 31st. Weiss Ratings downgraded shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Citigroup dropped their target price on Pentair from $112.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Oppenheimer dropped their target price on Pentair from $122.00 to $115.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Finally, Barclays dropped their target price on Pentair from $95.00 to $92.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $107.86.

Pentair Stock Down 3.0%

Shares of PNR opened at $72.67 on Friday. Pentair plc has a 52 week low of $72.60 and a 52 week high of $113.95. The firm has a market cap of $11.74 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.27 and a beta of 1.10. The firm’s 50-day simple moving average is $86.27 and its 200 day simple moving average is $97.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $1.11 EPS. Pentair’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts forecast that Pentair plc will post 5.36 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, July 24th. Pentair’s dividend payout ratio is presently 26.47%.

Pentair Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.