Lafayette Investments Inc. Has $894,000 Holdings in Pentair PLC (PNR)

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Lafayette Investments Inc. lessened its stake in Pentair PLC (NYSE:PNR) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,654 shares of the industrial products company’s stock after selling 254 shares during the period. Lafayette Investments Inc.’s holdings in Pentair were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of PNR. Mercer Capital Advisers Inc. grew its stake in shares of Pentair by 52.0% during the fourth quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 650 shares during the last quarter. ETF Managers Group LLC grew its stake in shares of Pentair by 19.6% during the fourth quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 325 shares during the last quarter. Capital Advisors Ltd. LLC purchased a new stake in shares of Pentair during the third quarter worth about $142,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Pentair during the third quarter worth about $168,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Pentair during the third quarter worth about $204,000. Institutional investors own 85.63% of the company’s stock.

In other Pentair news, COO Karl R. Frykman sold 10,241 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $41.28, for a total value of $422,748.48. Following the completion of the transaction, the chief operating officer now directly owns 60,877 shares of the company’s stock, valued at $2,513,002.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ademir Sarcevic sold 1,287 shares of the business’s stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $37.61, for a total value of $48,404.07. The disclosure for this sale can be found here. Insiders own 10.70% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. ValuEngine lowered Pentair from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Oppenheimer restated a “hold” rating on shares of Pentair in a research note on Tuesday, January 29th. Finally, Morgan Stanley assumed coverage on Pentair in a research note on Tuesday, December 18th. They set an “equal weight” rating and a $41.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Pentair presently has an average rating of “Hold” and an average target price of $51.09.

Shares of Pentair stock traded up $0.47 on Tuesday, reaching $41.56. 2,506 shares of the stock were exchanged, compared to its average volume of 1,666,554. The company has a quick ratio of 0.80, a current ratio of 1.27 and a debt-to-equity ratio of 0.43. Pentair PLC has a twelve month low of $35.30 and a twelve month high of $73.07. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.27.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, January 29th. The industrial products company reported $0.60 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $740.50 million during the quarter, compared to the consensus estimate of $735.74 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. Research analysts anticipate that Pentair PLC will post 2.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 8th. Investors of record on Friday, January 25th were issued a dividend of $0.18 per share. This is an increase from Pentair’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, January 24th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.73%. Pentair’s payout ratio is 30.64%.

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About Pentair

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.

Read More: Book Value Of Equity Per Share – BVPS Explained

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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