Sienna Gestion Purchases Shares of 129,969 Pentair plc $PNR

Sienna Gestion purchased a new stake in shares of Pentair plc (NYSE:PNR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 129,969 shares of the industrial products company’s stock, valued at approximately $13,680,000. Sienna Gestion owned about 0.08% of Pentair at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PNR. Annis Gardner Whiting Capital Advisors LLC boosted its position in Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 105 shares during the last quarter. Wexford Capital LP bought a new stake in Pentair during the third quarter valued at $26,000. Motiv8 Investments LLC bought a new stake in Pentair during the fourth quarter valued at $27,000. Park Square Financial Group LLC boosted its position in Pentair by 502.8% during the fourth quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 362 shares during the last quarter. Finally, Intesa Sanpaolo Wealth Management bought a new position in shares of Pentair during the 4th quarter worth about $44,000. Institutional investors own 92.37% of the company’s stock.

Pentair Trading Up 0.5%

PNR opened at $74.18 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.19. Pentair plc has a fifty-two week low of $69.93 and a fifty-two week high of $113.95. The firm has a market capitalization of $11.99 billion, a PE ratio of 18.18, a P/E/G ratio of 1.25 and a beta of 1.05. The company’s 50-day moving average is $79.74 and its 200 day moving average is $92.81.

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

Pentair Dividend Announcement

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

Analyst Ratings Changes

PNR has been the topic of a number of research analyst reports. Barclays cut their price objective on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Stifel Nicolaus cut their price objective on shares of Pentair from $110.00 to $103.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Citigroup cut their price objective on shares of Pentair from $112.00 to $106.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Jefferies Financial Group reissued a “buy” rating and set a $125.00 price objective (down from $135.00) on shares of Pentair in a research report on Tuesday, March 31st. Finally, Robert W. Baird set a $110.00 price objective on shares of Pentair in a research report on Wednesday, April 29th. Ten 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $107.86.

About Pentair

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.