Advisors Asset Management Inc. Has $3.65 Million Stock Holdings in Pentair plc (NYSE:PNR)

Advisors Asset Management Inc. lifted its position in Pentair plc (NYSE:PNR - Free Report) by 45.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,251 shares of the industrial products company's stock after acquiring an additional 11,249 shares during the period. Advisors Asset Management Inc.'s holdings in Pentair were worth $3,648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP raised its holdings in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. raised its stake in Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after buying an additional 294 shares during the period. Eastern Bank lifted its holdings in Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after acquiring an additional 300 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Pentair in the fourth quarter valued at about $55,000. Finally, Friedenthal Financial bought a new stake in shares of Pentair in the fourth quarter worth about $56,000. Institutional investors own 92.37% of the company's stock.

Pentair Stock Up 1.4 %

Shares of NYSE:PNR traded up $1.26 during midday trading on Tuesday, hitting $91.11. The stock had a trading volume of 1,556,938 shares, compared to its average volume of 1,369,937. The company has a market cap of $15.02 billion, a P/E ratio of 24.36, a PEG ratio of 1.87 and a beta of 1.23. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The business's 50-day simple moving average is $95.54 and its 200-day simple moving average is $98.77. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

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

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's dividend payout ratio is presently 26.74%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PNR. Barclays boosted their price objective on Pentair from $108.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Stifel Nicolaus lowered their price objective on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Northcoast Research raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Robert W. Baird upgraded Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 target price for the company in a report on Tuesday. Finally, KeyCorp restated a "sector weight" rating and issued a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $112.93.

About Pentair

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.