Arrowstreet Capital Limited Partnership Cuts Stock Position in Pentair plc (NYSE:PNR)

Arrowstreet Capital Limited Partnership reduced its holdings in Pentair plc (NYSE:PNR - Free Report) by 39.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 93,078 shares of the industrial products company's stock after selling 60,634 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.06% of Pentair worth $9,367,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PNR. Quarry LP lifted its holdings in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company's stock valued at $26,000 after buying an additional 134 shares during the period. SJS Investment Consulting Inc. lifted its stake in shares of Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 294 shares during the period. Eastern Bank boosted its position in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 300 shares in the last quarter. Friedenthal Financial bought a new stake in shares of Pentair during the 4th quarter valued at about $56,000. Finally, Intact Investment Management Inc. acquired a new stake in Pentair during the fourth quarter worth approximately $60,000. Institutional investors own 92.37% of the company's stock.

Wall Street Analysts Forecast Growth

PNR has been the topic of several recent analyst reports. Citigroup dropped their price target on Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. KeyCorp restated a "sector weight" rating and issued a $115.00 price target on shares of Pentair in a report on Monday, January 6th. StockNews.com lowered shares of Pentair from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Barclays cut their price objective on shares of Pentair from $120.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $112.27.

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Pentair Stock Up 1.5 %

Shares of NYSE:PNR traded up $1.19 during mid-day trading on Friday, hitting $82.03. 2,364,905 shares of the company traded hands, compared to its average volume of 1,497,620. The stock has a market cap of $13.52 billion, a P/E ratio of 21.93, a P/E/G ratio of 1.87 and a beta of 1.13. The stock has a 50-day moving average price of $89.54 and a two-hundred day moving average price of $97.77. Pentair plc has a 12-month low of $72.63 and a 12-month 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.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the firm earned $0.87 EPS. The business's revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.22%. Pentair's dividend payout ratio (DPR) 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.