Dimensional Fund Advisors LP Has $251.06 Million Stake in Pentair plc (NYSE:PNR)

Dimensional Fund Advisors LP lowered its holdings in Pentair plc (NYSE:PNR - Free Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,494,639 shares of the industrial products company's stock after selling 76,756 shares during the period. Dimensional Fund Advisors LP owned approximately 1.51% of Pentair worth $251,062,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. World Investment Advisors LLC bought a new stake in shares of Pentair in the third quarter valued at approximately $302,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Pentair during the 3rd quarter valued at $117,000. Tidal Investments LLC grew its holdings in shares of Pentair by 35.1% during the 3rd quarter. Tidal Investments LLC now owns 14,430 shares of the industrial products company's stock worth $1,411,000 after purchasing an additional 3,752 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Pentair by 3.5% in the third quarter. Franklin Resources Inc. now owns 32,249 shares of the industrial products company's stock worth $3,187,000 after purchasing an additional 1,093 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Pentair by 5.5% in the third quarter. Principal Financial Group Inc. now owns 219,061 shares of the industrial products company's stock valued at $21,422,000 after purchasing an additional 11,392 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Trading Down 0.2 %

Shares of Pentair stock traded down $0.17 on Friday, hitting $90.01. The stock had a trading volume of 884,476 shares, compared to its average volume of 1,503,888. The stock has a 50 day moving average of $86.90 and a 200 day moving average of $96.95. The firm has a market capitalization of $14.85 billion, a P/E ratio of 24.07, a PEG ratio of 1.87 and a beta of 1.13. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same period in the prior year, the company posted $0.94 EPS. Sell-side analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal 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 is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. Pentair's payout ratio is 25.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research note on Wednesday. Barclays increased their price target on shares of Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. The Goldman Sachs Group set a $95.00 target price on Pentair and gave the company a "neutral" rating in a report on Tuesday. Finally, Northcoast Research raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Pentair currently has an average rating of "Moderate Buy" and a consensus price target of $106.93.

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.