Quantinno Capital Management LP Buys 12,771 Shares of Pentair plc (NYSE:PNR)

Quantinno Capital Management LP boosted its holdings in Pentair plc (NYSE:PNR - Free Report) by 66.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,068 shares of the industrial products company's stock after purchasing an additional 12,771 shares during the period. Quantinno Capital Management LP's holdings in Pentair were worth $3,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in PNR. Parvin Asset Management LLC bought a new stake in shares of Pentair during the 4th quarter valued at approximately $25,000. SJS Investment Consulting Inc. raised its holdings in Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after buying an additional 294 shares during the last quarter. Colonial Trust Co SC raised its holdings in Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after buying an additional 240 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Pentair during the fourth quarter worth $55,000. Finally, Intact Investment Management Inc. acquired a new position in Pentair during the fourth quarter worth $60,000. Institutional investors own 92.37% of the company's stock.

Insider Activity

In related news, Director David A. /Wi Jones sold 6,558 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the sale, the director now owns 26,313 shares of the company's stock, valued at $2,366,591.22. This trade represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

PNR has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of Pentair from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $90.00 to $113.00 in a research note on Friday. Royal Bank of Canada increased their price target on shares of Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Mizuho set a $100.00 target price on shares of Pentair in a research note on Tuesday, April 22nd. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Finally, UBS Group lowered their target price on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $107.14.

Pentair Trading Down 0.3%

Shares of NYSE:PNR opened at $100.73 on Tuesday. The stock has a 50 day moving average of $87.87 and a 200 day moving average of $96.43. The company has a market cap of $16.57 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. 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 12-month low of $72.63 and a 12-month high of $110.71.

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

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. Pentair's payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.