Hudson Bay Capital Management LP Raises Stock Holdings in Pentair plc (NYSE:PNR)

Hudson Bay Capital Management LP boosted its holdings in Pentair plc (NYSE:PNR - Free Report) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,134 shares of the industrial products company's stock after purchasing an additional 9,009 shares during the period. Hudson Bay Capital Management LP owned about 0.06% of Pentair worth $10,681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PNR. Independent Advisor Alliance increased its position in Pentair by 1.4% in the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock valued at $768,000 after acquiring an additional 103 shares during the period. Farther Finance Advisors LLC boosted its stake in Pentair by 11.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock valued at $120,000 after purchasing an additional 118 shares in the last quarter. Richardson Financial Services Inc. boosted its stake in Pentair by 16.1% during the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 127 shares in the last quarter. Annex Advisory Services LLC boosted its stake in Pentair by 2.9% during the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company's stock valued at $540,000 after purchasing an additional 151 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Pentair by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company's stock valued at $1,251,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Insider Activity at Pentair

In related news, Director David A. /Wi Jones sold 6,558 shares of Pentair stock in a transaction on Monday, April 28th. The stock was 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 owns 26,313 shares of the company's stock, valued at approximately $2,366,591.22. This trade represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PNR. Mizuho set a $100.00 price target on Pentair 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. Robert W. Baird decreased their price target on Pentair from $114.00 to $107.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. UBS Group decreased their price target on Pentair from $115.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Stifel Nicolaus decreased their price target on Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating, eleven have issued 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 "Moderate Buy" and a consensus price target of $106.93.

Pentair Price Performance

PNR opened at $93.52 on Monday. The stock has a fifty day moving average of $86.52 and a 200-day moving average of $96.43. The firm has a market capitalization of $15.39 billion, a P/E ratio of 25.01, 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. 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 (NYSE:PNR - Get Free Report) last released its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. The company 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 quarter in the prior year, the company earned $0.94 earnings per share. Equities analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.07%. 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.

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