17,609 Shares in Pentair plc (NYSE:PNR) Acquired by Inceptionr LLC

Inceptionr LLC purchased a new position in shares of Pentair plc (NYSE:PNR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 17,609 shares of the industrial products company's stock, valued at approximately $1,772,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PNR. State Street Corp boosted its position in Pentair by 3.1% during the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company's stock valued at $856,257,000 after acquiring an additional 259,922 shares during the last quarter. FMR LLC boosted its position in shares of Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock valued at $557,860,000 after purchasing an additional 258,134 shares in the last quarter. Geode Capital Management LLC lifted its stake in Pentair by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company's stock valued at $389,800,000 after buying an additional 19,853 shares during the period. Swedbank AB boosted its holdings in shares of Pentair by 17.9% during the 3rd quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company's stock worth $132,141,000 after buying an additional 205,000 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Pentair by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,010,068 shares of the industrial products company's stock worth $101,653,000 after buying an additional 7,434 shares during the period. Institutional investors and hedge funds own 92.37% of the company's stock.

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Pentair Stock Down 3.7 %

Pentair stock traded down $3.23 during midday trading on Monday, hitting $85.12. 2,872,803 shares of the stock were exchanged, compared to its average volume of 1,469,824. 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 $98.33 and its 200-day moving average price is $98.74. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23.

Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.06. The firm had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company's 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. On average, research analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is currently 26.74%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Pentair from $108.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of Pentair from a "hold" rating to a "buy" rating in a report on Thursday, February 27th. Oppenheimer raised their target price on Pentair from $110.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. KeyCorp reissued a "sector weight" rating and issued a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Finally, Stifel Nicolaus lowered their target price on Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Pentair has a consensus rating of "Moderate Buy" and a consensus price target of $111.25.

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.