Wellington Management Group LLP Has $15.16 Million Holdings in Pentair plc (NYSE:PNR)

Wellington Management Group LLP decreased its holdings in Pentair plc (NYSE:PNR - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 150,624 shares of the industrial products company's stock after selling 13,291 shares during the quarter. Wellington Management Group LLP owned approximately 0.09% of Pentair worth $15,159,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Moody National Bank Trust Division acquired a new stake in Pentair in the fourth quarter worth about $989,000. Geode Capital Management LLC raised its holdings in shares of Pentair by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company's stock valued at $389,800,000 after purchasing an additional 19,853 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Pentair by 55.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company's stock worth $81,000 after buying an additional 287 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Pentair in the 4th quarter worth $289,000. Finally, Norges Bank acquired a new position in shares of Pentair in the 4th quarter worth approximately $36,568,000. Institutional investors own 92.37% of the company's stock.

Pentair Price Performance

Shares of PNR traded up $1.08 on Monday, reaching $83.27. The stock had a trading volume of 100,103 shares, compared to its average volume of 1,492,348. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average of $89.54 and a 200 day moving average of $97.77. The firm has a market capitalization of $13.74 billion, a PE ratio of 22.27, a PEG ratio of 1.87 and a beta of 1.13.

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

Pentair Announces Dividend

The business also recently announced 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 yield of 1.20%. The ex-dividend date is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is currently 26.74%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a report on Friday, January 24th. Baird R W raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. StockNews.com cut Pentair from a "buy" rating to a "hold" rating in a report on Thursday, April 3rd. Citigroup cut their target price on Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Robert W. Baird upgraded Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 target price on the stock in a report on Tuesday, March 25th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.