State of Wyoming Purchases 6,945 Shares of Pentair plc $PNR

State of Wyoming acquired a new stake in shares of Pentair plc (NYSE:PNR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,945 shares of the industrial products company’s stock, valued at approximately $368,000.

Several other institutional investors have also bought and sold shares of the stock. Tsfg LLC bought a new position in Pentair in the 2nd quarter valued at about $37,000. Sound Financial Strategies Group LLC bought a new stake in shares of Pentair during the 2nd quarter worth about $38,000. Plan A Wealth LLC acquired a new stake in shares of Pentair in the 2nd quarter worth approximately $38,000. Livelsberger Financial Advisory acquired a new stake in shares of Pentair in the 3rd quarter worth approximately $40,000. Finally, Alan B Lancz & Associates Inc. bought a new position in shares of Pentair in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Up 3.4%

PNR stock opened at $72.13 on Thursday. The firm has a market cap of $11.52 billion, a PE ratio of 19.13, a P/E/G ratio of 1.64 and a beta of 1.01. Pentair plc has a 12 month low of $51.13 and a 12 month high of $109.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $57.20 and a 200 day simple moving average of $75.94.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.11. The firm had revenue of $976.40 million for the quarter, compared to analyst estimates of $963.71 million. Pentair had a net margin of 15.44% and a return on equity of 20.10%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 earnings per share. Equities research analysts forecast that Pentair plc will post 4.70 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, October 23rd. Pentair’s dividend payout ratio (DPR) is 28.65%.

Analysts Set New Price Targets

A number of research analysts recently commented on PNR shares. Oppenheimer lowered their price objective on shares of Pentair from $94.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. BNP Paribas Exane raised Pentair from an “underperform” rating to a “neutral” rating and set a $65.00 price target for the company in a research note on Wednesday, October 28th. Robert W. Baird set a $78.00 price target on Pentair in a research report on Wednesday, October 28th. Wolfe Research raised Pentair from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Tuesday, September 15th. Finally, Royal Bank Of Canada boosted their price objective on Pentair from $61.00 to $69.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $76.59.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.

The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.