BBT Capital Management LLC Purchases Shares of 22,348 Pentair PLC (PNR)
BBT Capital Management LLC purchased a new position in shares of Pentair PLC (NYSE:PNR) in the fourth quarter, Holdings Channel reports. The firm purchased 22,348 shares of the industrial products company’s stock, valued at approximately $844,000. Pentair makes up about 0.8% of BBT Capital Management LLC’s investment portfolio, making the stock its 19th largest position.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Enlightenment Research LLC purchased a new stake in Pentair during the 4th quarter worth about $42,000. Mercer Capital Advisers Inc. lifted its holdings in Pentair by 52.0% during the 4th quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock worth $72,000 after buying an additional 650 shares during the last quarter. ETF Managers Group LLC lifted its holdings in Pentair by 19.6% during the 4th quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock worth $75,000 after buying an additional 325 shares during the last quarter. Capital Advisors Ltd. LLC purchased a new stake in Pentair during the 3rd quarter worth about $142,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Pentair during the 3rd quarter worth about $168,000. 85.63% of the stock is owned by institutional investors.
A number of analysts have issued reports on the company. ValuEngine raised Pentair from a “strong sell” rating to a “sell” rating in a report on Saturday, October 27th. Zacks Investment Research raised Pentair from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. Oppenheimer reaffirmed a “hold” rating on shares of Pentair in a report on Thursday, February 14th. JPMorgan Chase & Co. boosted their target price on Pentair from $48.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Finally, Morgan Stanley initiated coverage on Pentair in a report on Tuesday, December 18th. They issued an “equal weight” rating and a $41.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $48.40.
Pentair stock opened at $42.72 on Tuesday. Pentair PLC has a fifty-two week low of $35.30 and a fifty-two week high of $73.07. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $7.42 billion, a PE ratio of 18.18, a PEG ratio of 1.60 and a beta of 1.27.
Pentair (NYSE:PNR) last posted its earnings results on Tuesday, January 29th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. Pentair had a return on equity of 18.86% and a net margin of 9.92%. The business had revenue of $740.50 million during the quarter, compared to the consensus estimate of $735.74 million. During the same period in the previous year, the business earned $0.93 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts expect that Pentair PLC will post 2.56 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Friday, January 25th were issued a $0.18 dividend. This is an increase from Pentair’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Thursday, January 24th. Pentair’s payout ratio is presently 30.64%.
Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.
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