Vanguard Group Inc. Acquires 148,031 Shares of Pentair plc (NYSE:PNR)

Vanguard Group Inc. grew its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,216,366 shares of the industrial products company's stock after buying an additional 148,031 shares during the quarter. Vanguard Group Inc. owned approximately 12.24% of Pentair worth $2,034,575,000 as of its most recent SEC filing.

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

Pentair Stock Up 0.8 %

NYSE:PNR traded up $0.68 during trading hours on Monday, reaching $87.52. The company had a trading volume of 1,440,995 shares, compared to its average volume of 1,466,716. The business's 50-day simple moving average is $94.23 and its two-hundred day simple moving average is $98.82. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 1.87 and a beta of 1.23. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

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Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 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 company had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same period last year, the business posted $0.87 EPS. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Pentair plc will post 4.77 earnings per share for the current 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's payout ratio is currently 26.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th. KeyCorp reiterated a "sector weight" rating and issued a $115.00 price target on shares of Pentair in a research report on Monday, January 6th. Citigroup lowered their price objective on Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Stifel Nicolaus reduced their target price on Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Pentair presently has an average rating of "Moderate Buy" and a consensus price target of $112.27.

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.