Andra AP fonden Has $14.63 Million Position in Pentair plc (NYSE:PNR)

Andra AP fonden trimmed its stake in Pentair plc (NYSE:PNR - Free Report) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,400 shares of the industrial products company's stock after selling 27,500 shares during the period. Andra AP fonden owned approximately 0.09% of Pentair worth $14,633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quarry LP lifted its holdings in shares of Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 134 shares during the last quarter. SJS Investment Consulting Inc. grew its position in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after acquiring an additional 294 shares during the last quarter. Eastern Bank increased its holdings in shares of Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 300 shares during the period. Friedenthal Financial purchased a new stake in Pentair in the 4th quarter valued at $56,000. Finally, Spire Wealth Management acquired a new position in Pentair in the fourth quarter valued at $64,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Stock Performance

PNR stock traded down $0.49 during midday trading on Wednesday, hitting $85.57. The stock had a trading volume of 1,544,967 shares, compared to its average volume of 1,481,924. The stock has a 50-day simple moving average of $97.73 and a 200 day simple moving average of $98.74. The firm has a market capitalization of $14.10 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.87 and a beta of 1.23. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

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Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.06. The firm had revenue of $972.90 million for the quarter, compared to analysts' expectations of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business's revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. As a group, equities research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is presently 26.74%.

Analyst Ratings Changes

PNR has been the topic of several analyst reports. Oppenheimer lifted their target price on Pentair from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Barclays upped their price target on Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Citigroup reduced their price target on Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a report on Monday, January 13th. Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $115.00 price objective on shares of Pentair in a report on Thursday, November 21st. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $111.25.

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.