Taika Capital LP Has $1.65 Million Stock Position in Pentair plc (NYSE:PNR)

Taika Capital LP lessened its stake in Pentair plc (NYSE:PNR - Free Report) by 22.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,379 shares of the industrial products company's stock after selling 4,742 shares during the quarter. Pentair makes up approximately 1.3% of Taika Capital LP's holdings, making the stock its 27th biggest holding. Taika Capital LP's holdings in Pentair were worth $1,648,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quarry LP raised its stake in shares of Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 134 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in shares of Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 294 shares in the last quarter. Eastern Bank raised its stake in shares of Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 300 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake 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 4th quarter valued at about $56,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Price Performance

Shares of Pentair stock traded down $1.64 on Thursday, hitting $83.90. The company had a trading volume of 1,416,485 shares, compared to its average volume of 1,488,923. The business has a 50-day simple moving average of $97.43 and a 200-day simple moving average of $98.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The company has a market cap of $13.83 billion, a PE ratio of 22.43, a PEG ratio of 1.87 and a beta of 1.23. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71.

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Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) 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 analysts' expectations of $970.95 million. During the same period last year, the firm posted $0.87 earnings per share. The business's revenue was down 1.2% on a year-over-year basis. Research analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. Pentair's dividend payout ratio (DPR) is presently 26.74%.

Analyst Upgrades and Downgrades

PNR has been the topic of several research reports. StockNews.com upgraded shares of Pentair from a "hold" rating to a "buy" rating in a research note on Tuesday. Wolfe Research initiated coverage on shares of Pentair in a research note on Tuesday, November 26th. They set an "outperform" rating and a $125.00 price objective on the stock. Barclays increased their price objective on shares of Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Robert W. Baird increased their price objective on shares of Pentair from $106.00 to $114.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Finally, Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Pentair presently has a consensus rating of "Moderate Buy" and an average target price of $112.93.

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.