Caisse Des Depots ET Consignations Invests $1.70 Million in Pentair plc (NYSE:PNR)

Caisse Des Depots ET Consignations acquired a new stake in shares of Pentair plc (NYSE:PNR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,853 shares of the industrial products company's stock, valued at approximately $1,696,000.

Other institutional investors have also bought and sold shares of the company. Moody National Bank Trust Division bought a new position in Pentair during the 4th quarter valued at $989,000. Algert Global LLC acquired a new stake in shares of Pentair in the third quarter valued at $479,000. FMR LLC boosted its stake in Pentair by 4.7% during the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock valued at $557,860,000 after buying an additional 258,134 shares in the last quarter. Geode Capital Management LLC grew its holdings in Pentair by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company's stock worth $389,800,000 after acquiring an additional 19,853 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Pentair by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company's stock worth $81,000 after acquiring an additional 287 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PNR. StockNews.com raised shares of Pentair from a "hold" rating to a "buy" rating in a research note on Tuesday, March 11th. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Barclays cut their price objective on Pentair from $120.00 to $110.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. KeyCorp restated a "sector weight" rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Finally, Citigroup reduced their target price on Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Pentair has an average rating of "Moderate Buy" and an average target price of $112.27.

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Pentair Stock Up 0.8 %

PNR traded up $0.72 on Tuesday, reaching $88.20. 259,731 shares of the company traded hands, compared to its average volume of 1,492,684. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The stock's 50 day moving average price is $94.23 and its 200-day moving average price is $98.82. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71.

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

Pentair Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is presently 26.74%.

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.