2,980 Shares in Pentair plc (NYSE:PNR) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new stake in shares of Pentair plc (NYSE:PNR) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,980 shares of the industrial products company’s stock, valued at approximately $300,000.

Several other institutional investors have also added to or reduced their stakes in PNR. Teacher Retirement System of Texas increased its position in shares of Pentair by 219.0% during the fourth quarter. Teacher Retirement System of Texas now owns 604,758 shares of the industrial products company’s stock valued at $60,863,000 after buying an additional 415,163 shares during the period. National Bank of Canada FI boosted its position in Pentair by 862.2% during the 3rd quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock valued at $43,212,000 after acquiring an additional 395,962 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Pentair by 67.4% during the 4th quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company’s stock worth $89,390,000 after acquiring an additional 357,523 shares during the period. World Investment Advisors LLC bought a new position in shares of Pentair in the 3rd quarter worth approximately $26,748,000. Finally, National Pension Service lifted its stake in shares of Pentair by 726.4% in the 4th quarter. National Pension Service now owns 296,554 shares of the industrial products company’s stock valued at $29,845,000 after purchasing an additional 260,668 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup decreased their price objective on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a report on Monday, January 13th. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Robert W. Baird upped their price objective on shares of Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. KeyCorp reiterated a “sector weight” rating and set a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Finally, Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Pentair has an average rating of “Moderate Buy” and a consensus price target of $112.93.

Pentair Trading Down 1.0 %

Shares of NYSE:PNR opened at $87.44 on Friday. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The stock’s fifty day moving average price is $95.72 and its 200-day moving average price is $98.56. The company has a market cap of $14.41 billion, a P/E ratio of 23.38, a PEG ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92.

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

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.14%. Pentair’s payout ratio is 26.74%.

Pentair Company 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.