7,273 Shares in Pentair plc (NYSE:PNR) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in Pentair plc (NYSE:PNR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,273 shares of the industrial products company's stock, valued at approximately $732,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP lifted its stake 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 acquiring an additional 134 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Pentair by 753.8% in the fourth 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 last quarter. Eastern Bank boosted its stake in shares of Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 300 shares during the period. Friedenthal Financial bought a new position in shares of Pentair in the fourth quarter worth approximately $56,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Pentair in the fourth quarter worth $60,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. StockNews.com cut shares of Pentair from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Stifel Nicolaus dropped their target price on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a report on Friday, January 24th. KeyCorp restated a "sector weight" rating and set a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Finally, Baird R W upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Pentair has a consensus rating of "Moderate Buy" and a consensus price target of $112.27.

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Pentair Stock Up 0.3 %

NYSE:PNR traded up $0.27 during mid-day trading on Friday, hitting $81.11. 693,554 shares of the company's stock were exchanged, compared to its average volume of 1,491,702. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The business has a fifty day moving average price of $89.87 and a 200 day moving average price of $97.87. The company has a market cap of $13.37 billion, a PE ratio of 21.68, a P/E/G ratio of 1.87 and a beta of 1.13. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm 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 firm posted $0.87 EPS. The business's revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's dividend payout ratio is presently 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.