Y Intercept Hong Kong Ltd Makes New $7.35 Million Investment in Pentair plc $PNR

Y Intercept Hong Kong Ltd acquired a new position in shares of Pentair plc (NYSE:PNR) in the first quarter, HoldingsChannel reports. The institutional investor acquired 84,366 shares of the industrial products company’s stock, valued at approximately $7,349,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Pentair by 88.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 75,631 shares of the industrial products company’s stock valued at $6,588,000 after purchasing an additional 35,550 shares during the period. IFM Investors Pty Ltd increased its position in Pentair by 13.7% during the 1st quarter. IFM Investors Pty Ltd now owns 58,788 shares of the industrial products company’s stock worth $5,121,000 after buying an additional 7,099 shares during the period. Inspire Investing LLC lifted its holdings in shares of Pentair by 7.1% during the first quarter. Inspire Investing LLC now owns 2,825 shares of the industrial products company’s stock worth $246,000 after buying an additional 188 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Pentair during the first quarter worth $225,000. Finally, Patton Fund Management Inc. boosted its position in shares of Pentair by 10.9% in the first quarter. Patton Fund Management Inc. now owns 2,427 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 238 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Trading Up 0.0%

Shares of PNR stock opened at $76.74 on Friday. Pentair plc has a fifty-two week low of $69.93 and a fifty-two week high of $113.95. The stock’s fifty day moving average price is $75.83 and its two-hundred day moving average price is $89.99. 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 company has a market cap of $12.40 billion, a PE ratio of 18.81, a P/E/G ratio of 1.30 and a beta of 1.03.

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

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 annualized dividend and a yield of 1.4%. Pentair’s payout ratio is presently 26.47%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays decreased their price target on shares of Pentair from $95.00 to $92.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Jefferies Financial Group reissued a “buy” rating and issued a $125.00 price objective (down from $135.00) on shares of Pentair in a report on Tuesday, March 31st. Weiss Ratings lowered shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Citigroup lowered their target price on shares of Pentair from $112.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Bank of America dropped their price target on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $107.86.

Pentair Company Profile

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.