Tidal Investments LLC Grows Stock Position in Pentair plc (NYSE:PNR)

Tidal Investments LLC lifted its position in shares of Pentair plc (NYSE:PNR - Free Report) by 52.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,956 shares of the industrial products company's stock after acquiring an additional 7,526 shares during the quarter. Tidal Investments LLC's holdings in Pentair were worth $2,210,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in shares of Pentair during the 4th quarter valued at $25,000. SJS Investment Consulting Inc. lifted 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 buying an additional 294 shares during the period. Colonial Trust Co SC lifted its holdings in Pentair by 230.8% during the 4th 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 period. Proficio Capital Partners LLC acquired a new position in Pentair during the 4th quarter worth about $55,000. Finally, Intact Investment Management Inc. acquired a new position in Pentair during the 4th quarter worth about $60,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Stock Down 0.7%

Pentair stock traded down $0.72 during midday trading on Wednesday, reaching $99.02. The stock had a trading volume of 100,387 shares, compared to its average volume of 1,508,538. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average price of $89.19 and a two-hundred day moving average price of $96.29. The company has a market capitalization of $16.29 billion, a P/E ratio of 26.48, a PEG ratio of 1.87 and a beta of 1.11. 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 issued its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. The firm had revenue of $1.01 billion during 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 period in the previous year, the company posted $0.94 EPS. As a group, equities analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

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

Insiders Place Their Bets

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 stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the transaction, the director now directly owns 26,313 shares of the company's stock, valued at $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

PNR has been the topic of several recent research reports. Stifel Nicolaus cut their target price on Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird dropped their price objective on Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Mizuho set a $100.00 price objective on Pentair in a research note on Tuesday, April 22nd. UBS Group dropped their price objective on Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Barclays boosted their price objective on Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. Two investment 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 stock. Based on data from MarketBeat, Pentair has an average rating of "Buy" and an average price target of $107.14.

About Pentair

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.