Nebula Research & Development LLC Purchases New Shares in Pentair plc (NYSE:PNR)

Nebula Research & Development LLC acquired a new position in Pentair plc (NYSE:PNR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,254 shares of the industrial products company’s stock, valued at approximately $227,000.

A number of other large investors have also recently made changes to their positions in the business. Kovitz Investment Group Partners LLC purchased a new position in Pentair in the fourth quarter worth about $365,000. Voya Investment Management LLC boosted its holdings in shares of Pentair by 13.6% in the 4th quarter. Voya Investment Management LLC now owns 160,332 shares of the industrial products company’s stock worth $16,136,000 after purchasing an additional 19,231 shares during the period. Adage Capital Partners GP L.L.C. increased its position in shares of Pentair by 39.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 429,402 shares of the industrial products company’s stock valued at $43,215,000 after purchasing an additional 120,687 shares during the last quarter. Hood River Capital Management LLC raised its holdings in Pentair by 126.9% during the 4th quarter. Hood River Capital Management LLC now owns 3,134 shares of the industrial products company’s stock valued at $315,000 after buying an additional 1,753 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Pentair by 0.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 228,463 shares of the industrial products company’s stock worth $22,993,000 after buying an additional 706 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the sale, the director now directly owns 26,313 shares of the company’s stock, valued at approximately $2,366,591.22. This represents a 19.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Pentair Trading Up 0.0 %

NYSE:PNR opened at $90.76 on Friday. The firm has a 50-day simple moving average of $86.48 and a 200-day simple moving average of $96.71. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The firm has a market cap of $14.93 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.87 and a beta of 1.13. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, April 17th. Pentair’s payout ratio is currently 25.84%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PNR. The Goldman Sachs Group set a $95.00 target price on shares of Pentair and gave the company a “neutral” rating in a research note on Tuesday, April 22nd. Royal Bank of Canada increased their price objective on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Robert W. Baird reduced their price target on Pentair from $114.00 to $107.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays boosted their price objective on Pentair from $110.00 to $111.00 and gave the company an “overweight” rating in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.93.

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.