5,110 Shares in Pentair plc (NYSE:PNR) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new stake in shares of Pentair plc (NYSE:PNR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,110 shares of the industrial products company's stock, valued at approximately $514,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Pentair by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company's stock valued at $2,034,575,000 after purchasing an additional 148,031 shares during the period. Geode Capital Management LLC boosted its position in shares of Pentair by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company's stock worth $410,240,000 after purchasing an additional 87,244 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Pentair by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,010,068 shares of the industrial products company's stock worth $101,653,000 after purchasing an additional 7,434 shares during the period. Allianz Asset Management GmbH raised its position in shares of Pentair by 67.4% during the 4th quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company's stock valued at $89,390,000 after purchasing an additional 357,523 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in Pentair by 219.0% in the 4th quarter. Teacher Retirement System of Texas now owns 604,758 shares of the industrial products company's stock worth $60,863,000 after buying an additional 415,163 shares during the period. 92.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PNR shares. Barclays lowered their price objective on Pentair from $120.00 to $110.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. StockNews.com downgraded Pentair from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. KeyCorp reissued a "sector weight" rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Finally, Citigroup reduced their price target on shares of Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a report on Monday. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $110.00.

Pentair Stock Down 0.6 %

NYSE PNR traded down $0.45 during trading on Friday, reaching $80.27. 1,473,277 shares of the company's stock were exchanged, compared to its average volume of 1,501,880. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The stock has a market cap of $13.24 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. The company has a 50 day moving average price of $88.19 and a two-hundred day moving average price of $97.33.

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, beating analysts' consensus estimates of $1.02 by $0.06. The firm had revenue of $972.90 million during 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 was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. On average, equities research analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. Pentair's dividend payout ratio (DPR) is presently 26.74%.

About Pentair

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.