Savant Capital LLC Raises Stock Position in Pentair plc (NYSE:PNR)

Savant Capital LLC lifted its stake in Pentair plc (NYSE:PNR) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,773 shares of the industrial products company’s stock after purchasing an additional 324 shares during the period. Savant Capital LLC’s holdings in Pentair were worth $1,990,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Harbour Investments Inc. grew its holdings in shares of Pentair by 10.7% during the 3rd quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock worth $644,000 after acquiring an additional 636 shares during the period. Moody National Bank Trust Division purchased a new stake in Pentair in the fourth quarter worth $989,000. Algert Global LLC bought a new position in Pentair in the third quarter worth $479,000. FMR LLC lifted its position in Pentair by 4.7% during the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after buying an additional 258,134 shares during the period. Finally, Pathstone Holdings LLC boosted its holdings in shares of Pentair by 47.4% during the 3rd quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock valued at $1,944,000 after buying an additional 6,391 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

Shares of NYSE PNR opened at $97.98 on Thursday. The firm’s 50-day moving average price is $102.26 and its 200-day moving average price is $97.58. Pentair plc has a 52-week low of $72.44 and a 52-week high of $110.71. The company has a market cap of $16.19 billion, a PE ratio of 26.20, a PEG ratio of 1.93 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

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

Pentair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, January 24th. This is a boost from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio is 26.74%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PNR shares. KeyCorp reiterated a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Citigroup decreased their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Finally, Wolfe Research initiated coverage on Pentair in a research note on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.25.

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.