Blueshift Asset Management LLC Buys Shares of 2,980 Pentair plc (NYSE:PNR)

Blueshift Asset Management LLC bought a new stake in Pentair plc (NYSE:PNR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,980 shares of the industrial products company's stock, valued at approximately $300,000.

Other hedge funds have also made changes to their positions in the company. Independent Advisor Alliance increased its holdings in Pentair by 1.4% in the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock valued at $768,000 after buying an additional 103 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Pentair by 11.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock valued at $120,000 after acquiring an additional 118 shares in the last quarter. Richardson Financial Services Inc. increased its stake in Pentair by 16.1% in the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock valued at $92,000 after acquiring an additional 127 shares during the period. Quarry LP raised its position 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 in the last quarter. Finally, Annex Advisory Services LLC lifted its stake 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 worth $540,000 after purchasing an additional 151 shares during the period. Institutional investors own 92.37% of the company's stock.

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Pentair Price Performance

Shares of Pentair stock traded up $1.26 during midday trading on Tuesday, reaching $91.11. The company had a trading volume of 1,556,938 shares, compared to its average volume of 1,372,413. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $95.36 and a 200 day simple moving average of $98.81. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23.

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 firm had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS. As a group, equities research analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders 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 dividend on an annualized basis and a yield of 1.10%. Pentair's payout ratio is presently 26.74%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup lowered their price objective on Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. StockNews.com upgraded Pentair from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th. Northcoast Research raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Wolfe Research began coverage on shares of Pentair in a report on Tuesday, November 26th. They issued an "outperform" rating and a $125.00 target price on the stock. Finally, Robert W. Baird upgraded shares of Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 target price for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $112.93.

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.