Grantham Mayo Van Otterloo & Co. LLC Has $7.76 Million Stake in Pentair plc (NYSE:PNR)

Grantham Mayo Van Otterloo & Co. LLC lowered its position in shares of Pentair plc (NYSE:PNR - Free Report) by 48.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,118 shares of the industrial products company's stock after selling 72,300 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Pentair were worth $7,761,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quarry LP lifted its position in shares of 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. SJS Investment Consulting Inc. lifted its position in Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after buying an additional 294 shares in the last quarter. Eastern Bank boosted its stake in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after buying an additional 300 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Pentair in the 4th quarter valued at about $55,000. Finally, Friedenthal Financial acquired a new stake in shares of Pentair in the fourth quarter valued at about $56,000. 92.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

PNR has been the subject of a number of analyst reports. Robert W. Baird upgraded Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price target for the company in a research note on Tuesday, March 25th. Northcoast Research raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Stifel Nicolaus cut their price target on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, January 24th. StockNews.com lowered shares of Pentair from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Barclays dropped their target price on shares of Pentair from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Four 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 MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.27.

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Pentair Stock Performance

Shares of Pentair stock traded up $1.19 during trading on Friday, reaching $82.03. The company's stock had a trading volume of 2,364,905 shares, compared to its average volume of 1,497,620. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The business's 50-day moving average price is $89.54 and its 200-day moving average price is $97.77. The firm has a market cap of $13.52 billion, a PE ratio of 21.93, a P/E/G ratio of 1.87 and a beta of 1.13.

Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. The company had revenue of $972.90 million for the quarter, compared to analysts' expectations of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. Equities analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

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 paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. Pentair's payout ratio is currently 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.