WINTON GROUP Ltd Makes New Investment in Pentair plc $PNR

WINTON GROUP Ltd acquired a new position in shares of Pentair plc (NYSE:PNR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 60,129 shares of the industrial products company’s stock, valued at approximately $6,262,000.

Other hedge funds also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Pentair by 71.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 105 shares in the last quarter. Wexford Capital LP acquired a new position in Pentair during the 3rd quarter worth $26,000. Park Square Financial Group LLC grew its holdings in Pentair by 502.8% during the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 362 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Pentair by 86.4% during the 3rd quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 204 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in Pentair during the 2nd quarter worth $50,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Seaport Research Partners decreased their price objective on shares of Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group reissued a “buy” rating and set a $125.00 price objective (down from $135.00) on shares of Pentair in a report on Tuesday, March 31st. Oppenheimer decreased their price target on shares of Pentair from $122.00 to $115.00 and set an “outperform” rating for the company in a report on Wednesday, April 29th. Finally, Robert W. Baird set a $110.00 price target on shares of Pentair in a report on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $107.86.

Pentair Trading Up 0.4%

NYSE PNR opened at $73.17 on Friday. Pentair plc has a one year low of $69.93 and a one year high of $113.95. The company has a 50-day simple moving average of $81.24 and a 200-day simple moving average of $94.15. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. The firm has a market capitalization of $11.83 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $1.11 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts forecast that Pentair plc will post 5.35 earnings per share for the current year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be given a $0.27 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.08 annualized dividend and a yield of 1.5%. Pentair’s dividend payout ratio (DPR) is currently 26.47%.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.