Pentair plc (NYSE:PNR) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its position in shares of Pentair plc (NYSE:PNR - Free Report) by 1,156.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,974 shares of the industrial products company's stock after acquiring an additional 51,518 shares during the period. Squarepoint Ops LLC's holdings in Pentair were worth $5,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Twinbeech Capital LP purchased a new stake in Pentair during the fourth quarter valued at approximately $354,000. Tidal Investments LLC lifted its position in Pentair by 52.2% during the fourth quarter. Tidal Investments LLC now owns 21,956 shares of the industrial products company's stock valued at $2,210,000 after acquiring an additional 7,526 shares during the last quarter. Teza Capital Management LLC lifted its position in Pentair by 2,466.1% during the fourth quarter. Teza Capital Management LLC now owns 93,098 shares of the industrial products company's stock valued at $9,369,000 after acquiring an additional 89,470 shares during the last quarter. Siemens Fonds Invest GmbH raised its holdings in shares of Pentair by 10.5% in the fourth quarter. Siemens Fonds Invest GmbH now owns 6,805 shares of the industrial products company's stock worth $685,000 after buying an additional 649 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC raised its holdings in shares of Pentair by 22.4% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 6,430 shares of the industrial products company's stock worth $647,000 after buying an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Trading Down 0.7%

NYSE:PNR traded down $0.71 on Friday, hitting $98.87. The stock had a trading volume of 228,812 shares, compared to its average volume of 1,501,234. 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 stock has a market cap of $16.27 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.87 and a beta of 1.11. The company has a fifty day moving average price of $89.61 and a two-hundred day moving average price of $96.26. Pentair plc has a 1-year low of $72.63 and a 1-year 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 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same period in the previous year, the business posted $0.94 EPS. Equities research analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. Pentair's dividend payout ratio is currently 25.84%.

Insider Transactions at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the company'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 value of $589,826.52. Following the transaction, the director now directly owns 26,313 shares in the company, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays raised their price target on shares of Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Royal Bank of Canada raised their price objective on shares of Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. 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 report on Wednesday, April 23rd. JPMorgan Chase & Co. upgraded shares of Pentair from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $90.00 to $113.00 in a research report on Friday, May 16th. Finally, Northcoast Research raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $107.14.

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.