Pentair plc (NYSE:PNR) Holdings Raised by Schroder Investment Management Group

Schroder Investment Management Group boosted its holdings in Pentair plc (NYSE:PNR - Free Report) by 66.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 418,826 shares of the industrial products company's stock after acquiring an additional 167,292 shares during the period. Schroder Investment Management Group owned 0.25% of Pentair worth $42,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of 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 purchasing an additional 134 shares in the last quarter. SJS Investment Consulting Inc. increased its position 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 buying an additional 294 shares in the last quarter. Eastern Bank increased its position in Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after buying an additional 300 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Pentair in the fourth quarter worth $55,000. Finally, Friedenthal Financial acquired a new stake in shares of Pentair during the fourth quarter valued at $56,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Stock Down 3.5 %

NYSE:PNR traded down $2.88 during mid-day trading on Friday, hitting $78.66. The company had a trading volume of 2,765,131 shares, compared to its average volume of 1,471,745. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The business has a fifty day simple moving average of $93.11 and a 200-day simple moving average of $98.61. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.87 and a beta of 1.13.

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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, beating the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The business had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same period in the prior year, the firm earned $0.87 earnings per share. The business's quarterly revenue was down 1.2% compared to the same quarter last year. Equities analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's dividend payout ratio is currently 26.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PNR shares. Barclays lowered their price target on shares of Pentair from $120.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. KeyCorp restated a "sector weight" rating and set a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Stifel Nicolaus dropped their target price on Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Finally, Robert W. Baird upgraded Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 target price on the stock in a research report on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Pentair currently has an average rating of "Moderate Buy" and an average target price of $112.27.

About Pentair

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.