Quantbot Technologies LP Sells 8,703 Shares of Pentair plc (NYSE:PNR)

Quantbot Technologies LP decreased its position in Pentair plc (NYSE:PNR - Free Report) by 33.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,611 shares of the industrial products company's stock after selling 8,703 shares during the quarter. Quantbot Technologies LP's holdings in Pentair were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of PNR. Moody National Bank Trust Division purchased a new stake in shares of Pentair during the fourth quarter valued at approximately $989,000. Algert Global LLC purchased a new stake in shares of Pentair during the third quarter worth about $479,000. FMR LLC grew its stake in shares of Pentair by 4.7% in the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock worth $557,860,000 after purchasing an additional 258,134 shares during the last quarter. Pathstone Holdings LLC increased its holdings in Pentair by 47.4% during the 3rd quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company's stock valued at $1,944,000 after purchasing an additional 6,391 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Pentair by 30.7% during the third quarter. Daiwa Securities Group Inc. now owns 59,880 shares of the industrial products company's stock valued at $5,856,000 after acquiring an additional 14,057 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Stock Performance

Shares of PNR traded up $1.26 during mid-day trading on Tuesday, hitting $91.11. 1,556,938 shares of the company traded hands, compared to its average volume of 1,371,830. Pentair plc has a 1 year low of $72.63 and a 1 year 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. The stock has a 50-day moving average price of $95.36 and a two-hundred day moving average price of $98.81. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 1.87 and a beta of 1.23.

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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 (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06. The business had revenue of $972.90 million for the quarter, compared to analysts' expectations of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. Equities analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's payout ratio is 26.74%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PNR. Robert W. Baird upgraded shares of Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price objective for the company in a report on Tuesday. Barclays lifted their price target on 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 research note on Tuesday, March 11th. Northcoast Research raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus decreased their target price on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average 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.