129,969 Shares in Pentair plc $PNR Purchased by Sienna Gestion

Sienna Gestion acquired a new stake in Pentair plc (NYSE:PNR) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 129,969 shares of the industrial products company’s stock, valued at approximately $13,680,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNR. Annis Gardner Whiting Capital Advisors LLC increased its stake in Pentair by 71.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after buying an additional 105 shares during the last quarter. Wexford Capital LP purchased a new stake in Pentair in the 3rd quarter valued at about $26,000. Motiv8 Investments LLC purchased a new stake in Pentair in the 4th quarter valued at about $27,000. Park Square Financial Group LLC increased its stake in Pentair by 502.8% in the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after buying an additional 362 shares during the last quarter. Finally, Intesa Sanpaolo Wealth Management purchased a new stake in Pentair in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

PNR has been the subject of several analyst reports. Weiss Ratings lowered shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Oppenheimer decreased their price objective on shares of Pentair from $122.00 to $115.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Robert W. Baird set a $110.00 price objective on shares of Pentair in a research note on Wednesday, April 29th. Seaport Research Partners decreased their price objective on shares of Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada decreased their price objective on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $107.86.

Pentair Stock Up 0.5%

Pentair stock opened at $74.18 on Tuesday. Pentair plc has a twelve month low of $69.93 and a twelve month high of $113.95. The firm has a 50 day moving average price of $79.74 and a 200-day moving average price of $92.81. The company has a market capitalization of $11.99 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.25 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share 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 firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm earned $1.11 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. As a group, equities analysts predict that Pentair plc will post 5.35 EPS for the current year.

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 annualized dividend and a yield of 1.5%. Pentair’s dividend payout ratio (DPR) is 26.47%.

About Pentair

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.