Van Hulzen Asset Management LLC Buys 1,067 Shares of Pentair plc (NYSE:PNR)

Van Hulzen Asset Management LLC raised its stake in shares of Pentair plc (NYSE:PNRGet Rating) by 17.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,319 shares of the industrial products company’s stock after acquiring an additional 1,067 shares during the period. Van Hulzen Asset Management LLC’s holdings in Pentair were worth $535,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SouthState Corp bought a new stake in shares of Pentair during the 3rd quarter worth $36,000. Larson Financial Group LLC raised its stake in shares of Pentair by 71.4% during the 4th quarter. Larson Financial Group LLC now owns 814 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 339 shares during the period. CWM LLC bought a new stake in shares of Pentair during the 4th quarter worth $68,000. IndexIQ Advisors LLC raised its stake in shares of Pentair by 17.7% during the 4th quarter. IndexIQ Advisors LLC now owns 1,242 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 187 shares during the period. Finally, Smithfield Trust Co raised its stake in shares of Pentair by 853.0% during the 3rd quarter. Smithfield Trust Co now owns 1,563 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 1,399 shares during the period. Institutional investors and hedge funds own 87.33% of the company’s stock.

Shares of Pentair stock traded up $1.94 during trading on Tuesday, hitting $53.67. The company’s stock had a trading volume of 15,385 shares, compared to its average volume of 1,440,924. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 1.24. The company has a fifty day simple moving average of $55.96 and a two-hundred day simple moving average of $65.92. The company has a market capitalization of $8.88 billion, a PE ratio of 16.02, a P/E/G ratio of 1.35 and a beta of 1.15. Pentair plc has a 52 week low of $51.03 and a 52 week high of $80.40.

Pentair (NYSE:PNRGet Rating) last released its quarterly earnings data on Tuesday, February 1st. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $988.60 million during the quarter, compared to analyst estimates of $942.67 million. Pentair had a net margin of 14.69% and a return on equity of 24.73%. Pentair’s revenue was up 24.2% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS. As a group, analysts predict that Pentair plc will post 3.71 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 6th. Stockholders of record on Friday, April 22nd will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, April 21st. Pentair’s payout ratio is presently 25.38%.

PNR has been the topic of a number of research reports. The Goldman Sachs Group lowered their price objective on Pentair from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, April 13th. Stifel Nicolaus reduced their target price on Pentair from $67.00 to $57.00 and set a “hold” rating for the company in a report on Monday. Morgan Stanley reduced their target price on Pentair from $55.00 to $51.00 and set an “underweight” rating for the company in a report on Thursday, April 7th. Barclays cut their price objective on Pentair from $62.00 to $58.00 and set an “underweight” rating for the company in a report on Monday, April 4th. Finally, StockNews.com started coverage on Pentair in a report on Thursday, March 31st. They set a “hold” rating for the company. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Pentair currently has a consensus rating of “Hold” and a consensus price target of $75.19.

Pentair Profile (Get Rating)

Pentair plc provides various water solutions worldwide. It operates through Consumer Solutions; and Industrial & Flow Technologies segments. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

Read More

Want to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair plc (NYSE:PNRGet Rating).

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.