31,272 Shares of Pentair plc $PNR Bought by Uncommon Cents Investing Inc

Uncommon Cents Investing Inc acquired a new position in Pentair plc (NYSE:PNR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 31,272 shares of the industrial products company’s stock, valued at approximately $1,657,000.

A number of other large investors have also recently added to or reduced their stakes in PNR. Amundi lifted its position in shares of Pentair by 13.1% during the 1st quarter. Amundi now owns 4,237,659 shares of the industrial products company’s stock valued at $369,208,000 after acquiring an additional 491,758 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Pentair by 1,459.8% in the 1st quarter. Hsbc Holdings PLC now owns 1,270,578 shares of the industrial products company’s stock worth $110,617,000 after acquiring an additional 1,189,122 shares during the last quarter. First Trust Advisors LP raised its position in shares of Pentair by 52.9% during the first quarter. First Trust Advisors LP now owns 1,215,064 shares of the industrial products company’s stock worth $105,844,000 after purchasing an additional 420,140 shares during the period. California Public Employees Retirement System raised its position in shares of Pentair by 57.2% during the first quarter. California Public Employees Retirement System now owns 503,272 shares of the industrial products company’s stock worth $43,840,000 after purchasing an additional 183,089 shares during the period. Finally, Swiss National Bank raised its position in shares of Pentair by 7.1% during the first quarter. Swiss National Bank now owns 480,287 shares of the industrial products company’s stock worth $41,838,000 after purchasing an additional 31,900 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PNR has been the subject of several analyst reports. Weiss Ratings downgraded Pentair from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 13th. Citigroup dropped their price target on Pentair from $85.00 to $69.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Stifel Nicolaus restated a “hold” rating and set a $65.00 price objective (down from $103.00) on shares of Pentair in a report on Thursday, July 16th. Royal Bank Of Canada reduced their price objective on shares of Pentair from $73.00 to $61.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $81.00 target price on shares of Pentair in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Pentair presently has an average rating of “Hold” and an average price target of $79.59.

Pentair Trading Up 0.2%

NYSE PNR opened at $52.84 on Wednesday. Pentair plc has a twelve month low of $51.13 and a twelve month high of $111.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 1.45. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 1.35 and a beta of 1.04. The firm’s 50 day moving average price is $57.52 and its two-hundred day moving average price is $69.31.

Pentair (NYSE:PNR) last announced its earnings results 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. The company had revenue of $932.60 million for the quarter, compared to the consensus estimate of $943.24 million. Pentair had a net margin of 16.24% and a return on equity of 20.62%. The company’s revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.39 EPS. Equities analysts anticipate that Pentair plc will post 4.64 EPS for the current year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, October 23rd. Pentair’s payout ratio is presently 27.14%.

Pentair Company Profile

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.