Pentair plc (NYSE:PNR) Shares Acquired by Prospector Partners LLC

Prospector Partners LLC grew its holdings in shares of Pentair plc (NYSE:PNR) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 146,041 shares of the industrial products company’s stock after acquiring an additional 323 shares during the period. Pentair accounts for about 1.6% of Prospector Partners LLC’s investment portfolio, making the stock its 24th biggest position. Prospector Partners LLC’s holdings in Pentair were worth $14,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PNR. Moody National Bank Trust Division bought a new stake in shares of Pentair in the 4th quarter worth about $989,000. Geode Capital Management LLC grew its position in shares of Pentair by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock valued at $389,800,000 after buying an additional 19,853 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Pentair by 55.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company’s stock valued at $81,000 after buying an additional 287 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Pentair during the fourth quarter worth about $289,000. Finally, Park Avenue Securities LLC lifted its holdings in Pentair by 22.2% in the fourth quarter. Park Avenue Securities LLC now owns 23,712 shares of the industrial products company’s stock worth $2,386,000 after acquiring an additional 4,308 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Trading Down 3.5 %

Shares of PNR stock opened at $78.66 on Friday. The company has a market capitalization of $12.96 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.87 and a beta of 1.13. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $92.63 and a 200 day moving average price of $98.54.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. Research analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s payout ratio is presently 26.74%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PNR shares. Stifel Nicolaus reduced their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Robert W. Baird upgraded shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price target for the company in a research report on Tuesday, March 25th. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research report on Thursday. KeyCorp restated a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Finally, Barclays reduced their price objective on Pentair from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.27.

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.