Savant Capital LLC Buys 324 Shares of Pentair plc (NYSE:PNR)

Savant Capital LLC increased its position in Pentair plc (NYSE:PNR) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,773 shares of the industrial products company’s stock after acquiring an additional 324 shares during the quarter. Savant Capital LLC’s holdings in Pentair were worth $1,990,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PNR. Quarry LP boosted its holdings in Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. raised its position 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 worth $34,000 after buying an additional 294 shares in the last quarter. Blue Trust Inc. boosted its stake in Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after buying an additional 327 shares during the period. Eastern Bank grew its position in Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after buying an additional 300 shares in the last quarter. Finally, Friedenthal Financial bought a new position in Pentair in the 4th quarter worth about $56,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

NYSE:PNR opened at $97.98 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.91 and a current ratio of 1.60. Pentair plc has a fifty-two week low of $72.44 and a fifty-two week high of $110.71. The firm has a market cap of $16.19 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The business has a 50 day moving average price of $102.26 and a 200-day moving average price of $97.58.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $972.90 million during the quarter, compared to analysts’ expectations of $970.95 million. During the same quarter in the prior year, the company posted $0.87 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Friday, January 24th. This is an increase from Pentair’s previous quarterly dividend of $0.23. Pentair’s payout ratio is currently 26.74%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PNR shares. Mizuho lifted their price target on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Citigroup cut their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Oppenheimer raised their price objective on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Wolfe Research assumed coverage on shares of Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price for the company. Finally, Robert W. Baird increased their target price on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $111.25.

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.