Gitterman Wealth Management LLC Has $475,000 Stock Position in Pentair plc (NYSE:PNR)

Gitterman Wealth Management LLC increased its stake in shares of Pentair plc (NYSE:PNR) by 6.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,724 shares of the industrial products company’s stock after buying an additional 293 shares during the period. Gitterman Wealth Management LLC’s holdings in Pentair were worth $475,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PNR. Quarry LP lifted its position in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. increased its stake in shares of Pentair by 753.8% in the 4th 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 last quarter. Eastern Bank increased its stake in shares of Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 300 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Pentair during the 4th quarter worth approximately $55,000. Finally, Friedenthal Financial bought a new stake in Pentair during the 4th quarter worth approximately $56,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PNR shares. Barclays increased their target price on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Wolfe Research started coverage on Pentair in a research note on Tuesday, November 26th. They set an “outperform” rating and a $125.00 target price for the company. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Stifel Nicolaus lowered their target price on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price target on shares of Pentair in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.93.

Pentair Trading Up 2.6 %

NYSE PNR opened at $86.18 on Friday. The company has a market cap of $14.20 billion, a PE ratio of 23.04, a PEG ratio of 1.87 and a beta of 1.23. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The stock has a 50 day moving average of $96.80 and a 200-day moving average of $98.63.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same quarter in the prior year, the firm posted $0.87 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio is 26.74%.

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.