Proficio Capital Partners LLC Takes $55,000 Position in Pentair plc (NYSE:PNR)

Proficio Capital Partners LLC purchased a new position in shares of Pentair plc (NYSE:PNR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 54,652 shares of the industrial products company’s stock, valued at approximately $55,000.

Several other hedge funds have also made changes to their positions in PNR. Quarry LP raised its holdings in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 294 shares in the last quarter. Eastern Bank raised its position in shares of Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares in the last quarter. Friedenthal Financial bought a new position in Pentair during the fourth quarter worth $56,000. Finally, True Wealth Design LLC grew its stake in Pentair by 4,450.0% during the 3rd quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after buying an additional 623 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analysts Set New Price Targets

PNR has been the topic of a number of research reports. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Barclays decreased their target price on Pentair from $120.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday. Robert W. Baird raised Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 target price for the company in a research report on Tuesday. Citigroup cut their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Baird R W upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.27.

Pentair Trading Down 2.9 %

Shares of PNR stock opened at $86.76 on Friday. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The stock has a market capitalization of $14.30 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.87 and a beta of 1.23. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $94.54 and its 200 day moving average is $98.69.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. Pentair’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. Research analysts expect that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, April 17th. Pentair’s payout ratio is 26.74%.

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.