Guggenheim Capital LLC Purchases 511 Shares of Pentair plc (NYSE:PNR)


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Guggenheim Capital LLC increased its position in Pentair plc (NYSE:PNR) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,872 shares of the industrial products company’s stock after purchasing an additional 511 shares during the quarter. Guggenheim Capital LLC’s holdings in Pentair were worth $1,267,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. bought a new position in Pentair in the fourth quarter worth $760,000. Fisher Asset Management LLC bought a new position in Pentair in the fourth quarter worth $1,479,000. Eudaimonia Partners LLC acquired a new position in Pentair during the third quarter worth $344,000. Robeco Institutional Asset Management B.V. raised its stake in Pentair by 918.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,093,726 shares of the industrial products company’s stock worth $58,067,000 after acquiring an additional 986,317 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Pentair by 2.5% during the fourth quarter. BlackRock Inc. now owns 13,390,391 shares of the industrial products company’s stock worth $710,897,000 after acquiring an additional 325,170 shares in the last quarter. 80.25% of the stock is owned by hedge funds and other institutional investors.

Shares of PNR stock opened at $61.50 on Thursday. The stock has a 50-day moving average price of $59.28 and a 200 day moving average price of $53.99. The company has a quick ratio of 0.69, a current ratio of 1.18 and a debt-to-equity ratio of 0.39. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 2.64 and a beta of 1.19. Pentair plc has a 12 month low of $29.14 and a 12 month high of $63.35.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Thursday, January 28th. The industrial products company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.07. The firm had revenue of $796.00 million during the quarter, compared to analyst estimates of $752.85 million. Pentair had a return on equity of 21.27% and a net margin of 11.87%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. Sell-side analysts predict that Pentair plc will post 2.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 23rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, April 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.30%. Pentair’s payout ratio is 33.61%.

Several research analysts have issued reports on PNR shares. Barclays increased their price objective on Pentair from $55.00 to $57.00 and gave the stock an “underweight” rating in a research note on Tuesday. Morgan Stanley increased their price objective on Pentair from $56.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 20th. Oppenheimer increased their price objective on Pentair from $57.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, January 14th. Finally, UBS Group increased their price objective on Pentair from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, January 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $53.43.

About Pentair

Pentair plc provides various smart water solutions worldwide. It operates through two segments, Consumer Solutions; and Industrial & Flow Technologies. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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