Dimensional Fund Advisors LP Cuts Stock Holdings in Pentair plc (NYSE:PNR)

Dimensional Fund Advisors LP lowered its stake in Pentair plc (NYSE:PNR - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,896,777 shares of the industrial products company's stock after selling 53,820 shares during the period. Dimensional Fund Advisors LP owned approximately 1.75% of Pentair worth $210,627,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Pentair by 1.0% in the third quarter. Vanguard Group Inc. now owns 19,882,068 shares of the industrial products company's stock valued at $1,287,364,000 after purchasing an additional 204,416 shares during the last quarter. Impax Asset Management Group plc boosted its stake in Pentair by 1.3% in the 4th quarter. Impax Asset Management Group plc now owns 9,897,479 shares of the industrial products company's stock valued at $718,440,000 after purchasing an additional 131,745 shares during the period. Northern Trust Corp grew its holdings in Pentair by 6.0% in the 3rd quarter. Northern Trust Corp now owns 1,724,390 shares of the industrial products company's stock valued at $111,654,000 after buying an additional 98,175 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Pentair by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,377,786 shares of the industrial products company's stock worth $100,179,000 after buying an additional 16,875 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Pentair by 7.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,083,616 shares of the industrial products company's stock worth $70,164,000 after buying an additional 79,585 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup raised their price target on shares of Pentair from $85.00 to $101.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Oppenheimer raised their target price on shares of Pentair from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, April 24th. Royal Bank of Canada boosted their price target on Pentair from $101.00 to $103.00 and gave the company an "outperform" rating in a research note on Wednesday, April 24th. StockNews.com lowered Pentair from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd. Finally, TD Cowen upped their target price on Pentair from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.93.

Pentair Price Performance

Pentair stock traded up $1.89 during midday trading on Wednesday, reaching $85.08. The company's stock had a trading volume of 1,170,787 shares, compared to its average volume of 1,590,330. The stock has a market cap of $14.12 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.63. Pentair plc has a 52 week low of $55.26 and a 52 week high of $85.84. The business has a 50-day moving average price of $81.67 and a 200-day moving average price of $73.79.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. The firm's revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. On average, sell-side analysts predict that Pentair plc will post 4.24 EPS for the current year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 19th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, July 19th. Pentair's payout ratio is 24.47%.

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.