WINTON GROUP Ltd Acquires New Holdings in Pentair plc $PNR

WINTON GROUP Ltd acquired a new stake in Pentair plc (NYSE:PNR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 60,129 shares of the industrial products company’s stock, valued at approximately $6,262,000.

Several other hedge funds have also recently bought and sold shares of PNR. Sivia Capital Partners LLC bought a new stake in Pentair in the 2nd quarter valued at about $222,000. American Century Companies Inc. lifted its position in Pentair by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 9,350 shares of the industrial products company’s stock valued at $960,000 after purchasing an additional 513 shares during the last quarter. Cerity Partners LLC lifted its position in Pentair by 27.2% in the 2nd quarter. Cerity Partners LLC now owns 53,959 shares of the industrial products company’s stock valued at $5,539,000 after purchasing an additional 11,523 shares during the last quarter. Sei Investments Co. lifted its position in Pentair by 54.7% in the 2nd quarter. Sei Investments Co. now owns 76,469 shares of the industrial products company’s stock valued at $7,850,000 after purchasing an additional 27,053 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its position in shares of Pentair by 101.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 338,368 shares of the industrial products company’s stock worth $34,737,000 after buying an additional 170,707 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Pentair Stock Up 0.4%

PNR stock opened at $73.17 on Friday. Pentair plc has a 52 week low of $69.93 and a 52 week high of $113.95. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. The firm’s 50-day moving average is $81.24 and its two-hundred day moving average is $94.15. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS 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 business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $1.11 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts forecast 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 payout ratio is presently 26.47%.

Analyst Upgrades and Downgrades

A number of analysts have commented on PNR shares. Robert W. Baird set a $110.00 price target on shares of Pentair in a research report on Wednesday, April 29th. Stifel Nicolaus dropped their price target 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. TD Cowen dropped their price target on shares of Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada dropped their price target on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.