Groupama Asset Managment Takes $1.87 Million Position in Pentair plc (NYSE:PNR)

Groupama Asset Managment acquired a new position in shares of Pentair plc (NYSE:PNR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,625 shares of the industrial products company's stock, valued at approximately $1,870,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trexquant Investment LP acquired a new position in Pentair during the fourth quarter valued at $514,000. Geode Capital Management LLC increased its stake in Pentair by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company's stock valued at $410,240,000 after buying an additional 87,244 shares during the period. Franklin Resources Inc. lifted its position in Pentair by 112.9% in the 4th quarter. Franklin Resources Inc. now owns 68,660 shares of the industrial products company's stock worth $6,910,000 after buying an additional 36,411 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Pentair by 21.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,132 shares of the industrial products company's stock valued at $1,523,000 after buying an additional 2,698 shares during the period. Finally, Schroder Investment Management Group grew its holdings in shares of Pentair by 66.5% during the 4th quarter. Schroder Investment Management Group now owns 418,826 shares of the industrial products company's stock valued at $42,042,000 after acquiring an additional 167,292 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Price Performance

Shares of PNR traded down $1.92 during mid-day trading on Monday, hitting $76.84. 752,991 shares of the company traded hands, compared to its average volume of 1,468,696. The business has a 50-day moving average of $92.63 and a 200 day moving average of $98.58. The stock has a market capitalization of $12.67 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.87 and a beta of 1.13. Pentair plc has a one year low of $71.89 and a one year high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

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Pentair (NYSE:PNR - Get Free Report) last released its 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. The firm had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. As a group, equities analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.30%. Pentair's dividend payout ratio (DPR) is presently 26.74%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PNR. Barclays reduced 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. Northcoast Research raised Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Baird R W upgraded Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Stifel Nicolaus cut their price objective on shares of Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, StockNews.com downgraded shares of Pentair from a "buy" rating to a "hold" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Pentair currently has an average rating of "Moderate Buy" and a consensus target price of $112.27.

Pentair 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.