Longboard Asset Management LP Acquires Shares of 2,077 Pentair plc (NYSE:PNR)

Longboard Asset Management LP acquired a new stake in shares of Pentair plc (NYSE:PNR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,077 shares of the industrial products company’s stock, valued at approximately $209,000.

Other institutional investors have also bought and sold shares of the company. Quarry LP raised its stake in shares of Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 134 shares during the period. SJS Investment Consulting Inc. raised its stake in shares of Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 294 shares during the period. Blue Trust Inc. raised its stake in shares of Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 327 shares during the period. Eastern Bank raised its stake in shares of Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 300 shares during the period. Finally, Friedenthal Financial purchased a new stake in shares of Pentair in the fourth quarter valued at $56,000. Institutional investors own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PNR shares. StockNews.com downgraded shares of Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their target price on shares of Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. UBS Group raised their price target on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reduced their price target on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Oppenheimer raised their price target on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Pentair presently has a consensus rating of “Moderate Buy” and an average target price of $111.07.

Pentair Trading Down 4.2 %

NYSE PNR opened at $98.28 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60. The company has a market capitalization of $16.24 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 1.65 and a beta of 1.20. The company’s 50-day simple moving average is $103.51 and its two-hundred day simple moving average is $97.10. Pentair plc has a one year low of $72.03 and a one year high of $110.71.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. During the same period last year, the business earned $0.87 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Equities analysts forecast that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a $0.25 dividend. This is a boost from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, January 24th. Pentair’s dividend payout ratio (DPR) is currently 25.00%.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.