Cubist Systematic Strategies LLC Makes New Investment in Pentair plc (NYSE:PNR)

Cubist Systematic Strategies LLC acquired a new stake in shares of Pentair plc (NYSE:PNR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,977 shares of the industrial products company's stock, valued at approximately $6,841,000.

A number of other institutional investors also recently bought and sold shares of PNR. Parvin Asset Management LLC purchased a new position in Pentair in the 4th quarter worth about $25,000. SJS Investment Consulting Inc. increased its holdings in Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after purchasing an additional 294 shares during the period. Eastern Bank raised its position in Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 300 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Pentair in the 4th quarter worth $55,000. Finally, Friedenthal Financial bought a new position in Pentair during the 4th quarter worth about $56,000. 92.37% of the stock is currently owned by institutional investors.

Pentair Stock Up 5.0%

PNR stock traded up $4.67 during midday trading on Monday, hitting $98.13. The company's stock had a trading volume of 1,460,599 shares, compared to its average volume of 1,502,256. The firm has a market capitalization of $16.14 billion, a P/E ratio of 26.24, a PEG ratio of 1.87 and a beta of 1.11. The firm has a 50-day simple moving average of $86.52 and a 200-day simple moving average of $96.43. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. During the same quarter last year, the company posted $0.94 earnings per share. As a group, equities analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. Pentair's dividend payout ratio is currently 25.84%.

Analyst Ratings Changes

PNR has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Citigroup reduced their target price on Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group set a $95.00 price objective on shares of Pentair and gave the stock a "neutral" rating in a research note on Tuesday, April 22nd. StockNews.com lowered Pentair from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, UBS Group lowered their price target on Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Four research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.93.

Insiders Place Their Bets

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the sale, the director now directly owns 26,313 shares in the company, valued at $2,366,591.22. The trade was a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.