Stevens Capital Management LP Acquires New Shares in Pentair plc (NYSE:PNR)

Stevens Capital Management LP purchased a new position in shares of Pentair plc (NYSE:PNR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,359 shares of the industrial products company's stock, valued at approximately $741,000.

Several other institutional investors and hedge funds have also modified their holdings of PNR. Quarry LP boosted its holdings in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after purchasing an additional 134 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after buying an additional 294 shares during the period. Eastern Bank raised its position in shares of Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after buying an additional 300 shares during the period. Proficio Capital Partners LLC acquired a new position in Pentair in the fourth quarter valued at $55,000. Finally, Friedenthal Financial purchased a new stake in Pentair during the fourth quarter valued at about $56,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Stock Up 1.4 %

NYSE PNR traded up $1.26 on Tuesday, hitting $91.11. 1,556,705 shares of the stock traded hands, compared to its average volume of 1,369,937. 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 stock has a 50-day moving average of $95.54 and a 200 day moving average of $98.77. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The company has a market capitalization of $15.02 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23.

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Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results 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 return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. During the same period in the prior year, the company posted $0.87 EPS. The business's revenue was down 1.2% compared to the same quarter last year. As a group, analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on PNR. Robert W. Baird raised Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price objective on the stock in a research note on Tuesday. KeyCorp reaffirmed a "sector weight" rating and issued a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. Wolfe Research initiated coverage on Pentair in a research report on Tuesday, November 26th. They set an "outperform" rating and a $125.00 price target on the stock. Barclays increased their price objective on shares of Pentair from $108.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, December 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 stock. Based on data from MarketBeat.com, Pentair presently has a consensus rating of "Moderate Buy" and an average price target 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.