SJS Investment Consulting Inc. Has $34,000 Stake in Pentair plc (NYSE:PNR)

SJS Investment Consulting Inc. grew its position in Pentair plc (NYSE:PNR) by 753.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 333 shares of the industrial products company’s stock after buying an additional 294 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Pentair were worth $34,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP lifted its stake in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 327 shares during the last quarter. Eastern Bank increased its position in Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 300 shares during the period. Friedenthal Financial acquired a new stake in Pentair in the fourth quarter valued at $56,000. Finally, True Wealth Design LLC raised its position in shares of Pentair by 4,450.0% during the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 623 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Trading Down 1.3 %

NYSE:PNR opened at $103.02 on Friday. Pentair plc has a 1 year low of $70.98 and a 1 year high of $110.71. The company has a market cap of $17.02 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.67 and a beta of 1.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The stock’s fifty day moving average price is $104.11 and its two-hundred day moving average price is $95.74.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The firm had revenue of $993.40 million for the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter last year, the company posted $0.94 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, analysts expect that Pentair plc will post 4.28 EPS for the current year.

Pentair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 0.97%. This is a positive change from Pentair’s previous quarterly dividend of $0.23. Pentair’s payout ratio is 23.00%.

Analysts Set New Price Targets

PNR has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Pentair in a research note on Thursday, November 21st. Citigroup lowered their target price on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. raised their price target on shares of Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus cut their price objective on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a report on Friday. Finally, KeyCorp reaffirmed a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $111.07.

Insider Transactions at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the completion of the sale, the executive vice president now owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. This represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Pentair Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.