SJS Investment Consulting Inc. Increases Stake in Pentair plc (NYSE:PNR)

SJS Investment Consulting Inc. grew its stake in shares of Pentair plc (NYSE:PNR) by 753.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 333 shares of the industrial products company’s stock after buying an additional 294 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Pentair were worth $34,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP boosted 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 buying an additional 134 shares during the period. Blue Trust Inc. raised its stake in shares of Pentair by 165.2% during 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 raised its stake in shares of Pentair by 144.9% during the fourth 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. Friedenthal Financial purchased a new stake in shares of Pentair during the fourth quarter worth about $56,000. Finally, True Wealth Design LLC grew its stake in shares of Pentair by 4,450.0% in the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 623 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Insider Activity

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the transaction, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This represents a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PNR. The Goldman Sachs Group increased their price objective on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Barclays raised their price target on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. KeyCorp reissued a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Wolfe Research began coverage on shares of Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Pentair in a research report on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $111.07.

Pentair Trading Down 1.3 %

Pentair stock opened at $103.02 on Friday. Pentair plc has a 12 month low of $70.98 and a 12 month high of $110.71. 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 business’s fifty day simple moving average is $104.11 and its two-hundred day simple moving average is $95.74. The company has a market capitalization of $17.02 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21.

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

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, January 24th. This is an increase from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio is currently 23.00%.

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.