Gitterman Wealth Management LLC Increases Stake in Pentair plc (NYSE:PNR)

Gitterman Wealth Management LLC increased its holdings in Pentair plc (NYSE:PNR) by 116.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,464 shares of the industrial products company’s stock after purchasing an additional 4,021 shares during the period. Pentair makes up about 0.2% of Gitterman Wealth Management LLC’s holdings, making the stock its 20th biggest holding. Gitterman Wealth Management LLC’s holdings in Pentair were worth $543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in Pentair by 935.1% during the 3rd quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock valued at $25,000 after buying an additional 346 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Pentair by 82.4% during the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after buying an additional 154 shares during the last quarter. IFP Advisors Inc raised its holdings in Pentair by 97.6% during the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock valued at $26,000 after buying an additional 202 shares during the last quarter. Quent Capital LLC raised its holdings in Pentair by 112.7% during the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after buying an additional 213 shares during the last quarter. Finally, Baystate Wealth Management LLC bought a new position in Pentair in the 3rd quarter worth $30,000. 92.37% of the stock is currently owned by institutional investors.

Pentair Stock Up 1.0 %

PNR stock traded up $0.76 during trading on Friday, hitting $79.96. 959,329 shares of the stock traded hands, compared to its average volume of 1,557,437. Pentair plc has a 1 year low of $53.88 and a 1 year high of $85.81. The firm’s 50 day moving average is $80.45 and its two-hundred day moving average is $72.00. The stock has a market cap of $13.27 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.90 and a quick ratio of 0.94.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $0.91 EPS. Pentair’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that Pentair plc will post 4.24 EPS for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, April 18th. Pentair’s payout ratio is presently 24.47%.

Wall Street Analyst Weigh In

PNR has been the subject of several research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $91.00 price objective on shares of Pentair in a report on Friday, March 22nd. StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Royal Bank of Canada upped their price objective on shares of Pentair from $101.00 to $103.00 and gave the stock an “outperform” rating in a report on Wednesday. Oppenheimer upped their price objective on shares of Pentair from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Northcoast Research upgraded shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Pentair has an average rating of “Moderate Buy” and a consensus target price of $89.93.

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.