Pinnbrook Capital Management LP Purchases 47,140 Shares of Pentair plc (NYSE:PNR)

Pinnbrook Capital Management LP raised its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 51.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 139,404 shares of the industrial products company's stock after purchasing an additional 47,140 shares during the period. Pentair makes up approximately 1.1% of Pinnbrook Capital Management LP's portfolio, making the stock its 19th biggest holding. Pinnbrook Capital Management LP owned about 0.08% of Pentair worth $10,136,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in Pentair by 191.8% during the 4th quarter. Nordea Investment Management AB now owns 70,424 shares of the industrial products company's stock valued at $5,122,000 after purchasing an additional 46,290 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Pentair by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company's stock worth $1,287,364,000 after buying an additional 204,416 shares during the last quarter. Vest Financial LLC boosted its stake in shares of Pentair by 31.7% in the 4th quarter. Vest Financial LLC now owns 450,602 shares of the industrial products company's stock worth $32,763,000 after buying an additional 108,560 shares during the last quarter. Prudential PLC purchased a new position in shares of Pentair in the 3rd quarter worth approximately $566,000. Finally, Vontobel Holding Ltd. boosted its stake in shares of Pentair by 74.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 488,376 shares of the industrial products company's stock worth $31,622,000 after buying an additional 207,940 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. KeyCorp boosted their target price on Pentair from $82.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, March 7th. Stifel Nicolaus boosted their target price on Pentair from $88.00 to $94.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 price target on shares of Pentair in a report on Friday, March 22nd. Bank of America raised shares of Pentair from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $46.00 to $76.00 in a report on Thursday, January 11th. Finally, Barclays lifted their price target on shares of Pentair from $90.00 to $92.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.43.

Pentair Price Performance

Shares of Pentair stock traded down $0.26 during trading on Monday, hitting $83.31. The stock had a trading volume of 1,506,275 shares, compared to its average volume of 1,647,910. The firm has a market cap of $13.83 billion, a price-to-earnings ratio of 22.22, a P/E/G ratio of 1.58 and a beta of 1.20. Pentair plc has a 12 month low of $51.38 and a 12 month high of $85.81. The business's 50-day moving average is $78.78 and its 200 day moving average is $70.54. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. The firm had revenue of $984.60 million for the quarter, compared to analysts' expectations of $975.36 million. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. As a group, sell-side analysts anticipate that Pentair plc will post 4.22 earnings per share for the current year.

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.92 annualized dividend and a yield of 1.10%. Pentair's dividend payout ratio (DPR) is presently 24.53%.

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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