Csenge Advisory Group Has $747,000 Position in Pentair plc (NYSE:PNR)

Csenge Advisory Group trimmed its holdings in shares of Pentair plc (NYSE:PNR) by 2.0% during the fourth quarter, HoldingsChannel reports. The fund owned 7,425 shares of the industrial products company’s stock after selling 148 shares during the quarter. Csenge Advisory Group’s holdings in Pentair were worth $747,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. lifted its position in shares of Pentair by 16.1% during the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 127 shares during the period. Quarry LP lifted its position in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 134 shares during the period. Annex Advisory Services LLC lifted its position in shares of Pentair by 2.9% during the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 151 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Pentair by 14.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,337 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 167 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Pentair by 0.6% during the 4th quarter. Van ECK Associates Corp now owns 27,893 shares of the industrial products company’s stock valued at $2,807,000 after acquiring an additional 167 shares during the period. 92.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PNR has been the topic of several research reports. Oppenheimer upped their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus lowered their price objective on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Barclays upped their price objective on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. StockNews.com downgraded shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $115.00 price objective on shares of Pentair in a report on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.25.

Pentair Stock Performance

NYSE PNR opened at $96.71 on Tuesday. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.91. The firm has a market cap of $15.98 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 1.93 and a beta of 1.20. The company has a fifty day moving average price of $101.58 and a 200-day moving average price of $97.85.

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

Pentair Increases Dividend

The business also recently declared 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. The ex-dividend date was Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 1.03%. This is a positive change from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio is presently 26.74%.

About Pentair

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.