Global Retirement Partners LLC Buys 1,269 Shares of Pentair plc (NYSE:PNR)

Global Retirement Partners LLC increased its stake in shares of Pentair plc (NYSE:PNR) by 33.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,112 shares of the industrial products company’s stock after purchasing an additional 1,269 shares during the quarter. Global Retirement Partners LLC’s holdings in Pentair were worth $514,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PNR. Quarry LP lifted its holdings in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after buying an additional 134 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 294 shares during the period. Blue Trust Inc. boosted its holdings in Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 327 shares during the last quarter. Eastern Bank increased its position in Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares during the period. Finally, Friedenthal Financial bought a new stake in Pentair during the 4th quarter worth about $56,000. 92.37% of the stock is owned by institutional investors.

Pentair Stock Performance

Shares of PNR opened at $92.89 on Monday. The firm has a market cap of $15.35 billion, a P/E ratio of 24.84, a PEG ratio of 1.87 and a beta of 1.20. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The firm’s 50 day moving average price is $100.54 and its two-hundred day moving average price is $98.21.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS. On average, analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, January 24th. This is a positive change from Pentair’s previous quarterly dividend of $0.23. Pentair’s payout ratio is currently 26.74%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Robert W. Baird lifted their target price on shares of Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Wolfe Research began coverage on Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of Pentair in a report on Thursday, November 21st. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.25.

Pentair Company 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.