Fox Run Management L.L.C. Has $1.19 Million Position in Pentair plc $PNR

by · The Markets Daily

Fox Run Management L.L.C. raised its stake in Pentair plc (NYSE:PNR – Free Report) by 278.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,380 shares of the industrial products company’s stock after purchasing an additional 8,376 shares during the period. Fox Run Management L.L.C.’s holdings in Pentair were worth $1,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Pentair by 71.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Pentair in the third quarter valued at $26,000. Park Square Financial Group LLC increased its holdings in shares of Pentair by 502.8% in the fourth quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 362 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Pentair by 86.4% in the third quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 204 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Pentair in the second quarter valued at $50,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Trading Up 2.7%

PNR stock opened at $74.65 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. The company’s 50-day simple moving average is $80.78 and its 200 day simple moving average is $93.69. Pentair plc has a 52 week low of $69.93 and a 52 week high of $113.95. The company has a market capitalization of $12.06 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.23 and a beta of 1.05.

Pentair (NYSE:PNR – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.17 by $0.05. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company posted $1.11 earnings per share. Pentair’s revenue was up 2.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pentair plc will post 5.35 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be paid a $0.27 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.08 annualized dividend and a dividend yield of 1.4%. Pentair’s dividend payout ratio is 26.47%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup decreased their price objective on shares of Pentair from $112.00 to $106.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Royal Bank Of Canada decreased their price objective on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Oppenheimer decreased their price objective on shares of Pentair from $122.00 to $115.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Seaport Research Partners decreased their price objective on shares of Pentair from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Bank of America reduced their target price on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $107.86.

Check Out Our Latest Report on PNR

About Pentair

(Free Report)

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.

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