Edgestream Partners L.P. Has $6.28 Million Holdings in Pentair plc (NYSE:PNR)

Edgestream Partners L.P. grew its holdings in Pentair plc (NYSE:PNR - Free Report) by 73.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,382 shares of the industrial products company's stock after purchasing an additional 26,331 shares during the period. Edgestream Partners L.P.'s holdings in Pentair were worth $6,278,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Quarry LP lifted its position in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after buying an additional 134 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in 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 in the last quarter. Eastern Bank boosted its position in 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 last quarter. Proficio Capital Partners LLC acquired a new position in shares of Pentair during the 4th quarter worth approximately $55,000. Finally, Friedenthal Financial bought a new stake in shares of Pentair during the 4th quarter worth approximately $56,000. Institutional investors own 92.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup decreased their target price on shares of Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Barclays boosted their price objective on shares of Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Wolfe Research began coverage on Pentair in a research report on Tuesday, November 26th. They set an "outperform" rating and a $125.00 price target on the stock. Finally, StockNews.com raised Pentair from a "hold" rating to a "buy" rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Pentair currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.25.

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Pentair Stock Performance

NYSE PNR traded up $0.90 during trading on Tuesday, reaching $86.09. The company's stock had a trading volume of 2,364,236 shares, compared to its average volume of 1,489,268. The firm has a 50 day moving average price of $98.33 and a 200 day moving average price of $98.74. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The firm has a market capitalization of $14.19 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. 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 issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $972.90 million during the quarter, compared to analysts' expectations of $970.95 million. During the same period in the previous year, the company posted $0.87 earnings per share. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's dividend payout ratio (DPR) 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.