Friedenthal Financial Makes New $56,000 Investment in Pentair plc (NYSE:PNR)

Friedenthal Financial bought a new stake in shares of Pentair plc (NYSE:PNR) during the fourth quarter, HoldingsChannel reports. The firm bought 557 shares of the industrial products company’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Acadian Asset Management LLC bought a new stake in Pentair during the second quarter worth about $447,000. American Century Companies Inc. grew its stake in shares of Pentair by 16.0% in the 2nd quarter. American Century Companies Inc. now owns 15,720 shares of the industrial products company’s stock worth $1,205,000 after buying an additional 2,164 shares during the last quarter. CoreCap Advisors LLC bought a new position in Pentair during the 2nd quarter valued at approximately $465,000. Envestnet Asset Management Inc. raised its stake in Pentair by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 279,206 shares of the industrial products company’s stock valued at $21,407,000 after buying an additional 14,937 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in Pentair by 1,217.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 975 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 901 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Pentair Stock Performance

Shares of Pentair stock traded up $1.75 on Monday, hitting $98.72. 1,071,084 shares of the company’s stock were exchanged, compared to its average volume of 937,421. Pentair plc has a 1 year low of $69.42 and a 1 year high of $110.71. The company has a 50-day simple moving average of $104.38 and a 200-day simple moving average of $94.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60. The stock has a market capitalization of $16.31 billion, a PE ratio of 24.68, a PEG ratio of 1.91 and a beta of 1.21.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $993.40 million for the quarter, compared to the consensus estimate of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. Pentair’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share. As a group, equities analysts anticipate that Pentair plc will post 4.28 EPS for the current year.

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.01%. This is a positive change from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, January 24th. Pentair’s dividend payout ratio is currently 25.00%.

Wall Street Analysts Forecast Growth

PNR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Oppenheimer increased their target price on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Mizuho boosted their price target on Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Pentair in a research report on Thursday, November 21st. Finally, StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.13.

Pentair 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.