Smith Shellnut Wilson LLC ADV Acquires New Holdings in Pentair PLC. (PNR)
Smith Shellnut Wilson LLC ADV acquired a new stake in shares of Pentair PLC. (NYSE:PNR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,944 shares of the industrial products company’s stock, valued at approximately $268,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Korea Investment CORP grew its holdings in Pentair by 142.7% during the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 942 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in Pentair during the third quarter valued at $116,000. YorkBridge Wealth Partners LLC grew its holdings in Pentair by 6.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 111 shares during the period. Krilogy Financial LLC grew its holdings in Pentair by 121.2% during the second quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 1,250 shares during the period. Finally, Penserra Capital Management LLC grew its holdings in Pentair by 13.0% during the second quarter. Penserra Capital Management LLC now owns 2,444 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 282 shares during the period. 84.56% of the stock is owned by institutional investors and hedge funds.
In other news, Director Ronald Merriman sold 5,200 shares of Pentair stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $67.00, for a total value of $348,400.00. Following the transaction, the director now owns 21,538 shares in the company, valued at $1,443,046. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Trian Fund Management, L.P. purchased 384,571 shares of Pentair stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $68.41 per share, for a total transaction of $26,308,502.11. Following the acquisition, the director now owns 1,122 shares in the company, valued at $76,756.02. The disclosure for this purchase can be found here. Insiders have sold 217,632 shares of company stock valued at $14,783,286 in the last three months. 9.90% of the stock is owned by corporate insiders.
Several equities analysts have weighed in on the company. Stifel Nicolaus reissued a “hold” rating and set a $67.00 price objective on shares of Pentair in a report on Wednesday, October 4th. Seaport Global Securities reissued a “buy” rating on shares of Pentair in a report on Wednesday, October 25th. Zacks Investment Research raised Pentair from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Tuesday, December 5th. Morgan Stanley reissued an “equal weight” rating and set a $74.00 price objective (up from $70.00) on shares of Pentair in a report on Monday, October 2nd. Finally, Jefferies Group reissued a “hold” rating and set a $59.00 price objective on shares of Pentair in a report on Thursday, September 21st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Pentair presently has an average rating of “Hold” and a consensus target price of $70.67.
Pentair PLC. (NYSE:PNR) traded down $0.04 during trading on Thursday, hitting $69.64. The stock had a trading volume of 1,163,300 shares, compared to its average volume of 986,149. Pentair PLC. has a 52-week low of $55.76 and a 52-week high of $71.76. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $12,653.89, a price-to-earnings ratio of 20.62, a P/E/G ratio of 1.85 and a beta of 1.41.
Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.02. Pentair had a return on equity of 13.39% and a net margin of 12.50%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $0.78 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. research analysts forecast that Pentair PLC. will post 3.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 26th will be paid a dividend of $0.35 per share. This is a positive change from Pentair’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $1.40 annualized dividend and a yield of 2.01%. Pentair’s dividend payout ratio (DPR) is currently 41.82%.
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Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.
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