Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Pentair plc. Ordinary Share (NYSE:PNR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 482,922 shares of the industrial products company’s stock, valued at approximately $34,105,000. Amundi Pioneer Asset Management Inc. owned approximately 0.27% of Pentair plc. Ordinary Share at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. Tiedemann Wealth Management LLC grew its stake in shares of Pentair plc. Ordinary Share by 25.8% in the third quarter. Tiedemann Wealth Management LLC now owns 10,182 shares of the industrial products company’s stock worth $103,000 after purchasing an additional 2,091 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Pentair plc. Ordinary Share during the third quarter valued at about $116,000. Icon Wealth Partners LLC bought a new position in Pentair plc. Ordinary Share during the fourth quarter valued at about $134,000. SeaCrest Wealth Management LLC bought a new position in Pentair plc. Ordinary Share during the fourth quarter valued at about $188,000. Finally, Alps Advisors Inc. acquired a new position in shares of Pentair plc. Ordinary Share in the 4th quarter valued at $205,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on PNR. UBS upgraded Pentair plc. Ordinary Share from a “sell” rating to a “neutral” rating and set a $73.00 price target for the company in a research report on Monday. BMO Capital Markets decreased their price target on Pentair plc. Ordinary Share from $80.00 to $78.00 and set a “market perform” rating for the company in a research report on Wednesday, February 14th. KeyCorp increased their price target on Pentair plc. Ordinary Share from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Stifel Nicolaus reissued a “hold” rating and issued a $78.00 price objective on shares of Pentair plc. Ordinary Share in a research note on Wednesday, January 31st. Finally, Zacks Investment Research raised Pentair plc. Ordinary Share from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Thursday, March 22nd. Five analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Pentair plc. Ordinary Share presently has an average rating of “Hold” and a consensus price target of $71.92.
In other Pentair plc. Ordinary Share news, CFO John L. Stauch sold 2,392 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $70.30, for a total value of $168,157.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.70% of the stock is currently owned by insiders.
Shares of PNR stock traded down $0.87 on Monday, reaching $67.26. 1,174,135 shares of the stock were exchanged, compared to its average volume of 1,115,784. The company has a market cap of $12,401.83, a P/E ratio of 19.05, a PEG ratio of 1.55 and a beta of 1.36. Pentair plc. Ordinary Share has a one year low of $59.13 and a one year high of $74.84. The company has a quick ratio of 0.97, a current ratio of 1.46 and a debt-to-equity ratio of 0.29.
Pentair plc. Ordinary Share (NYSE:PNR) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. Pentair plc. Ordinary Share had a return on equity of 13.41% and a net margin of 13.50%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. equities research analysts anticipate that Pentair plc. Ordinary Share will post 4.02 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $1.40 dividend on an annualized basis and a yield of 2.08%. Pentair plc. Ordinary Share’s payout ratio is 39.66%.
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About Pentair plc. Ordinary Share
Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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