Caxton Associates LP Invests $272,000 in Pentair PLC. (PNR) Stock

Caxton Associates LP bought a new position in shares of Pentair PLC. (NYSE:PNR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,000 shares of the industrial products company’s stock, valued at approximately $272,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PNR. Lord Abbett & CO. LLC increased its holdings in shares of Pentair by 193.2% during the second quarter. Lord Abbett & CO. LLC now owns 1,327,823 shares of the industrial products company’s stock worth $88,353,000 after buying an additional 875,023 shares in the last quarter. Trian Fund Management L.P. increased its holdings in shares of Pentair by 6.0% during the second quarter. Trian Fund Management L.P. now owns 15,200,931 shares of the industrial products company’s stock worth $1,011,470,000 after buying an additional 862,769 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Pentair by 5.1% during the second quarter. BlackRock Inc. now owns 12,152,997 shares of the industrial products company’s stock worth $808,662,000 after buying an additional 588,818 shares in the last quarter. Bain Capital Public Equity Management LLC increased its holdings in shares of Pentair by 67.3% during the second quarter. Bain Capital Public Equity Management LLC now owns 1,321,273 shares of the industrial products company’s stock worth $87,918,000 after buying an additional 531,652 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Pentair by 2.5% during the second quarter. Vanguard Group Inc. now owns 16,159,434 shares of the industrial products company’s stock worth $1,075,249,000 after buying an additional 392,842 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Pentair PLC. (NYSE:PNR) traded down $0.80 during midday trading on Friday, reaching $68.84. The company had a trading volume of 1,114,600 shares, compared to its average volume of 986,682. The firm has a market capitalization of $12,500.00, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 1.85 and a beta of 1.41. Pentair PLC. has a 1-year low of $55.76 and a 1-year high of $71.76. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.30.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.02. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Pentair had a return on equity of 13.39% and a net margin of 12.50%. Pentair’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. sell-side analysts anticipate that Pentair PLC. will post 3.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 26th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.03%. This is an increase from Pentair’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, January 25th. Pentair’s dividend payout ratio is presently 65.71%.

PNR has been the subject of several research analyst reports. BMO Capital Markets reiterated a “hold” rating and set a $70.00 price target on shares of Pentair in a report on Wednesday, September 6th. Jefferies Group reiterated a “hold” rating and set a $59.00 price target on shares of Pentair in a report on Thursday, September 21st. Morgan Stanley reiterated an “equal weight” rating and set a $74.00 price target (up from $70.00) on shares of Pentair in a report on Monday, October 2nd. Cowen reiterated an “underperform” rating and set a $61.00 price target (up from $59.00) on shares of Pentair in a report on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $67.00 price target on shares of Pentair in a report on Wednesday, October 4th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $70.67.

In other news, Director Trian Fund Management, L.P. purchased 384,571 shares of the business’s stock in a transaction on Monday, November 20th. The shares were acquired at an average price of $68.41 per share, with a total value of $26,308,502.11. Following the completion of the transaction, the director now owns 1,122 shares of the company’s stock, valued at approximately $76,756.02. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Karl R. Frykman sold 11,386 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $70.24, for a total transaction of $799,752.64. Following the sale, the insider now directly owns 36,476 shares in the company, valued at approximately $2,562,074.24. The disclosure for this sale can be found here. Insiders sold 217,632 shares of company stock valued at $14,783,286 over the last 90 days. 9.90% of the stock is currently owned by company insiders.

WARNING: “Caxton Associates LP Invests $272,000 in Pentair PLC. (PNR) Stock” was posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.com-unik.info/2017/12/15/caxton-associates-lp-invests-272000-in-pentair-plc-pnr-stock.html.

About Pentair

Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

What are top analysts saying about Pentair? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Pentair and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit