Lifeworks Advisors LLC Has $4.01 Million Stock Position in Pentair plc $PNR

Lifeworks Advisors LLC raised its stake in Pentair plc (NYSE:PNR) by 17.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,067 shares of the industrial products company’s stock after acquiring an additional 6,823 shares during the quarter. Lifeworks Advisors LLC’s holdings in Pentair were worth $4,013,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PNR. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Pentair by 71.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. Wexford Capital LP bought a new position in shares of Pentair during the third quarter worth approximately $26,000. Motiv8 Investments LLC acquired a new stake in Pentair during the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Pentair during the 4th quarter worth approximately $43,000. Finally, Park Square Financial Group LLC boosted 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 purchasing an additional 362 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Trading Up 0.0%

PNR opened at $76.21 on Monday. Pentair plc has a twelve month low of $69.93 and a twelve month high of $113.95. The company has a 50-day simple moving average of $74.56 and a 200 day simple moving average of $88.86. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.29 and a beta of 1.03.

Pentair (NYSE:PNR) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $1.11 EPS. Analysts predict that Pentair plc will post 5.35 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, July 24th. Pentair’s dividend payout ratio (DPR) is 26.47%.

Wall Street Analyst Weigh In

PNR has been the topic of several recent research reports. Bank of America lowered their price objective on Pentair from $100.00 to $88.00 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Stifel Nicolaus reduced their target price on shares of Pentair from $110.00 to $103.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Wolfe Research downgraded shares of Pentair from an “outperform” rating to a “peer perform” rating in a research note on Thursday. Oppenheimer lowered their price target on shares of Pentair from $122.00 to $115.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Barclays dropped their price objective on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Pentair has an average rating of “Hold” and a consensus price target of $107.86.

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.