Leavell Investment Management Inc. increased its holdings in Pentair plc (NYSE:PNR – Free Report) by 2.8% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,088 shares of the industrial products company’s stock after buying an additional 112 shares during the quarter. Leavell Investment Management Inc.’s holdings in Pentair were worth $420,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of PNR. North Capital Inc. bought a new stake in Pentair in the 1st quarter worth about $38,000. Horizon Financial Services LLC bought a new stake in Pentair in the 1st quarter worth about $38,000. Garde Capital Inc. bought a new stake in Pentair in the 2nd quarter worth about $41,000. North Star Investment Management Corp. increased its holdings in Pentair by 91.5% in the 2nd quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock worth $41,000 after buying an additional 193 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of Pentair by 14.8% during the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 109 shares during the period. 92.37% of the stock is currently owned by institutional investors.
Pentair Stock Down 0.6%
NYSE PNR opened at $109.07 on Tuesday. The stock’s 50 day moving average is $109.50 and its 200 day moving average is $102.29. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42. Pentair plc has a 12 month low of $74.25 and a 12 month high of $113.95. The stock has a market cap of $17.85 billion, a PE ratio of 27.68, a P/E/G ratio of 2.05 and a beta of 1.10.
Pentair Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. Pentair’s payout ratio is currently 25.38%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on PNR. UBS Group boosted their price target on Pentair from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada boosted their price target on Pentair from $121.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Bank of America downgraded Pentair from a “neutral” rating to an “underperform” rating and cut their price target for the company from $106.00 to $100.00 in a research note on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price target on Pentair from $116.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Barclays boosted their price target on Pentair from $125.00 to $127.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.93.
Get Our Latest Analysis on Pentair
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.
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