Pentair plc (NYSE:PNR) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its position in Pentair plc (NYSE:PNR - Free Report) by 189.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,615 shares of the industrial products company's stock after purchasing an additional 7,602 shares during the period. Tower Research Capital LLC TRC's holdings in Pentair were worth $1,169,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PNR. Moody National Bank Trust Division purchased a new position in Pentair during the 4th quarter worth approximately $989,000. Smartleaf Asset Management LLC raised its holdings in shares of Pentair by 55.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company's stock worth $81,000 after purchasing an additional 287 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in Pentair during the fourth quarter valued at $289,000. Norges Bank purchased a new stake in Pentair in the fourth quarter valued at $36,568,000. Finally, Park Avenue Securities LLC grew its position in Pentair by 22.2% during the 4th quarter. Park Avenue Securities LLC now owns 23,712 shares of the industrial products company's stock worth $2,386,000 after purchasing an additional 4,308 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. The Goldman Sachs Group set a $95.00 target price on Pentair and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. KeyCorp reiterated a "sector weight" rating and issued a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Stifel Nicolaus cut their price objective on shares of Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Mizuho set a $100.00 target price on shares of Pentair in a research note on Tuesday, April 22nd. Finally, UBS Group cut their price target on Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.93.

Pentair Price Performance

PNR traded up $0.12 on Monday, hitting $90.12. 1,386,252 shares of the company's stock were exchanged, compared to its average volume of 1,504,510. The firm has a 50-day moving average price of $86.77 and a 200-day moving average price of $96.91. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 1.87 and a beta of 1.13. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data 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 company 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 quarter in the prior year, the company earned $0.94 EPS. As a group, equities analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is currently 25.84%.

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.