PBU The Pension Fund of Early Childhood & Youth Educators Makes New $888,000 Investment in Pentair plc $PNR

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in shares of Pentair plc (NYSE:PNR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,524 shares of the industrial products company’s stock, valued at approximately $888,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wexford Capital LP bought a new position in Pentair during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Pentair by 71.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 105 shares during the last quarter. Park Square Financial Group LLC raised its holdings in Pentair by 502.8% during the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 362 shares during the last quarter. Clearstead Advisors LLC raised its holdings in Pentair by 86.4% during the 3rd quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 204 shares during the last quarter. Finally, REAP Financial Group LLC bought a new position in Pentair during the 3rd quarter worth approximately $53,000. Institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

PNR has been the subject of several analyst reports. Barclays lowered their price target on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Wall Street Zen lowered shares of Pentair from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Robert W. Baird set a $110.00 price objective on shares of Pentair in a research note on Wednesday, April 29th. Bank of America lowered their price objective on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Finally, Citigroup lowered their price objective on shares of Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $107.86.

Pentair Stock Performance

NYSE:PNR opened at $73.17 on Friday. The company has a fifty day moving average of $81.24 and a 200-day moving average of $94.15. The firm has a market capitalization of $11.83 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.24 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51. Pentair plc has a twelve month low of $69.93 and a twelve month high of $113.95.

Pentair (NYSE:PNR) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.05. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. Pentair’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. As a group, sell-side analysts anticipate that Pentair plc will post 5.35 EPS for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, July 24th. Pentair’s payout ratio is 26.47%.

Pentair Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.