Pentair plc (NYSE:PNR) Holdings Raised by Teza Capital Management LLC

Teza Capital Management LLC increased its holdings in Pentair plc (NYSE:PNR - Free Report) by 2,466.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,098 shares of the industrial products company's stock after purchasing an additional 89,470 shares during the period. Pentair makes up about 1.4% of Teza Capital Management LLC's investment portfolio, making the stock its 3rd largest position. Teza Capital Management LLC owned about 0.06% of Pentair worth $9,369,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Pentair by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company's stock worth $2,034,575,000 after acquiring an additional 148,031 shares in the last quarter. FMR LLC lifted its stake in shares of Pentair by 7.0% in the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock valued at $614,030,000 after purchasing an additional 396,581 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Pentair by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company's stock worth $410,240,000 after purchasing an additional 87,244 shares during the period. Northern Trust Corp increased its position in shares of Pentair by 27.9% during the 4th quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company's stock valued at $197,482,000 after purchasing an additional 428,184 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in Pentair by 3.7% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,749,965 shares of the industrial products company's stock valued at $176,117,000 after buying an additional 62,926 shares during the period. Hedge funds and other institutional investors own 92.37% of the company's stock.

Insider Buying and Selling

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Pentair Stock Down 1.0%

NYSE PNR traded down $1.04 on Tuesday, reaching $99.78. 1,048,878 shares of the stock traded hands, compared to its average volume of 1,507,199. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.87 and a beta of 1.11. The company has a fifty day moving average price of $88.19 and a 200-day moving average price of $96.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60.

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

Pentair Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. Citigroup reduced their price objective on shares of Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. UBS Group decreased their price objective on shares of Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. StockNews.com raised Pentair from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Robert W. Baird reduced their price target on Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Two 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. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.