Pentair plc (NYSE:PNR) Shares Purchased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. grew its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 429,402 shares of the industrial products company's stock after purchasing an additional 120,687 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.26% of Pentair worth $43,215,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Independent Advisor Alliance raised its position in Pentair by 1.4% in the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock worth $768,000 after buying an additional 103 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Pentair by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock worth $120,000 after acquiring an additional 118 shares during the period. Richardson Financial Services Inc. raised its holdings in shares of Pentair by 16.1% during the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 127 shares during the last quarter. Annex Advisory Services LLC lifted its position in Pentair by 2.9% during the fourth quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company's stock valued at $540,000 after purchasing an additional 151 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in Pentair by 1.3% in the fourth quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company's stock worth $1,251,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Trading Up 0.1 %

PNR stock traded up $0.12 during mid-day trading on Monday, hitting $90.12. 1,386,252 shares of the company were exchanged, compared to its average volume of 1,504,510. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The firm has a market capitalization of $14.87 billion, a P/E ratio of 24.10, a PEG ratio of 1.87 and a beta of 1.13. The business has a fifty day simple moving average of $86.77 and a 200-day simple moving average of $96.91. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same quarter last year, the firm earned $0.94 EPS. On average, equities research analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. Pentair's dividend payout ratio (DPR) is currently 25.84%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PNR. Stifel Nicolaus dropped their price target on Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada raised their target price on Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Finally, Mizuho set a $100.00 price target on shares of Pentair in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Pentair has an average rating of "Moderate Buy" and a consensus price target of $106.93.

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.