Royal London Asset Management Ltd. Has $8.89 Million Stock Holdings in Pentair plc (NYSE:PNR)

Royal London Asset Management Ltd. raised its position in shares of Pentair plc (NYSE:PNR - Free Report) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,321 shares of the industrial products company's stock after purchasing an additional 5,088 shares during the period. Royal London Asset Management Ltd. owned 0.05% of Pentair worth $8,889,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd grew its holdings in Pentair by 201.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 9,891 shares of the industrial products company's stock worth $995,000 after buying an additional 6,608 shares in the last quarter. Xponance Inc. increased its stake in Pentair by 6.3% during the 4th quarter. Xponance Inc. now owns 23,873 shares of the industrial products company's stock valued at $2,403,000 after buying an additional 1,420 shares during the period. Generali Asset Management SPA SGR bought a new position in shares of Pentair in the fourth quarter valued at approximately $2,809,000. Advisors Asset Management Inc. raised its holdings in Pentair by 45.0% during the fourth quarter. Advisors Asset Management Inc. now owns 36,251 shares of the industrial products company's stock worth $3,648,000 after purchasing an additional 11,249 shares in the last quarter. Finally, Cibc World Markets Corp raised its stake in shares of Pentair by 15.7% in the 4th quarter. Cibc World Markets Corp now owns 26,072 shares of the industrial products company's stock worth $2,624,000 after buying an additional 3,537 shares in the last quarter. Institutional investors own 92.37% of the company's stock.

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Wall Street Analyst Weigh In

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 report on Tuesday, March 11th. Barclays boosted their target price on shares of Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Robert W. Baird upgraded shares of Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price target on the stock in a research report on Tuesday. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Finally, Citigroup reduced their price objective on Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Pentair currently has an average rating of "Moderate Buy" and a consensus price target of $112.93.

Pentair Stock Up 1.4 %

NYSE:PNR traded up $1.26 on Tuesday, hitting $91.11. 1,556,938 shares of the company's stock traded hands, compared to its average volume of 1,371,830. The firm has a 50-day moving average price of $95.36 and a 200-day moving average price of $98.81. 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 company has a market cap of $15.02 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. During the same quarter in the prior year, the business earned $0.87 EPS. The company's revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

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

Pentair 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.