Qsemble Capital Management LP Takes Position in Pentair plc (NYSE:PNR)

Qsemble Capital Management LP bought a new stake in Pentair plc (NYSE:PNR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,025 shares of the industrial products company’s stock, valued at approximately $1,469,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new position in shares of Pentair during the 2nd quarter worth approximately $25,000. Crewe Advisors LLC increased its holdings in shares of Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 267 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Pentair in the second quarter valued at about $48,000. Blue Trust Inc. boosted its holdings in Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after buying an additional 327 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in Pentair during the first quarter worth about $58,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

Shares of NYSE PNR opened at $107.96 on Tuesday. Pentair plc has a 12-month low of $62.81 and a 12-month high of $109.31. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a market cap of $17.84 billion, a PE ratio of 26.99, a P/E/G ratio of 1.91 and a beta of 1.19. The stock has a 50 day simple moving average of $99.68 and a 200-day simple moving average of $88.39.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. The business had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.94 earnings per share. On average, equities research analysts forecast that Pentair plc will post 4.28 EPS for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.85%. Pentair’s dividend payout ratio is currently 23.00%.

Insider Activity

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the sale, the executive vice president now owns 19,232 shares in the company, valued at approximately $1,916,853.44. The trade was a 15.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on PNR shares. Barclays boosted their price target on Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Pentair in a research note on Thursday, November 21st. Stifel Nicolaus upped their target price on Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Mizuho raised their target price on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, UBS Group lifted their price target on shares of Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Pentair presently has an average rating of “Moderate Buy” and an average price target of $105.13.

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.