Uncommon Cents Investing Inc Purchases New Stake in Pentair plc $PNR

Uncommon Cents Investing Inc acquired a new stake in shares of Pentair plc (NYSE:PNR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,272 shares of the industrial products company’s stock, valued at approximately $1,657,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new stake in shares of Pentair during the 3rd quarter valued at $1,977,000. Revisor Wealth Management LLC purchased a new position in shares of Pentair during the 3rd quarter valued at $341,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Pentair during the 3rd quarter valued at $386,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Pentair during the 3rd quarter valued at $296,000. Finally, CFS Investment Advisory Services LLC acquired a new position in shares of Pentair in the third quarter worth $932,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PNR shares. Royal Bank Of Canada cut their price objective on Pentair from $73.00 to $61.00 and set a “sector perform” rating for the company in a report on Wednesday, October 14th. Robert W. Baird reduced their price objective on Pentair from $83.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Oppenheimer lowered their target price on Pentair from $115.00 to $94.00 and set an “outperform” rating on the stock in a research note on Thursday, July 16th. Weiss Ratings lowered Pentair from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $81.00 price objective on shares of Pentair in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Pentair presently has a consensus rating of “Hold” and an average price target of $79.59.

Pentair Stock Performance

Shares of PNR opened at $52.84 on Wednesday. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04. The company’s fifty day moving average is $57.52 and its 200-day moving average is $69.31. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.43. Pentair plc has a 12 month low of $51.13 and a 12 month high of $111.94.

Pentair (NYSE:PNR) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.02. Pentair had a net margin of 16.24% and a return on equity of 20.62%. The business had revenue of $932.60 million during the quarter, compared to analyst estimates of $943.24 million. During the same quarter in the previous year, the business earned $1.39 EPS. Pentair’s quarterly revenue was down 17.0% compared to the same quarter last year. Equities analysts expect that Pentair plc will post 4.64 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, October 23rd. Pentair’s dividend payout ratio (DPR) is 27.14%.

About Pentair

Pentair plc (NYSE: PNR) is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.

The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.