Inceptionr LLC Buys Shares of 19,757 Pentair plc $PNR

Inceptionr LLC purchased a new position in shares of Pentair plc (NYSE:PNR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,757 shares of the industrial products company’s stock, valued at approximately $1,721,000.

Other large investors also recently bought and sold shares of the company. Wexford Capital LP acquired a new stake in shares of Pentair during the third quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Pentair by 71.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. Motiv8 Investments LLC acquired a new position in Pentair during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Pentair during the fourth quarter worth $43,000. Finally, Park Square Financial Group LLC lifted its stake 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. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Trading Down 1.5%

PNR opened at $62.10 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. Pentair plc has a one year low of $57.60 and a one year high of $113.95. The company has a market cap of $10.04 billion, a P/E ratio of 15.22, a PEG ratio of 1.33 and a beta of 1.03. The business’s 50-day simple moving average is $72.55 and its 200-day simple moving average is $86.37.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 earnings per share. As a group, equities research analysts expect that Pentair plc will post 4.8 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently declared 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 of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a yield of 1.7%. Pentair’s payout ratio is 26.47%.

Analyst Ratings Changes

A number of analysts have issued reports on PNR shares. TD Cowen cut their price target on shares of Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research note on Wednesday, April 29th. Wolfe Research downgraded shares of Pentair from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Mizuho reduced their price objective on Pentair from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Tuesday. Bank of America lowered their target price on Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Finally, BNP Paribas Exane reissued an “underperform” rating and set a $64.00 price objective (down from $75.00) on shares of Pentair in a research report on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $91.40.

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.