Gotham Asset Management LLC Acquires 44,641 Shares of Pentair plc (NYSE:PNR)

Gotham Asset Management LLC grew its stake in Pentair plc (NYSE:PNR - Free Report) by 28.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,384 shares of the industrial products company's stock after buying an additional 44,641 shares during the period. Gotham Asset Management LLC owned approximately 0.12% of Pentair worth $20,267,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Parvin Asset Management LLC bought a new position in Pentair in the fourth quarter worth $25,000. SJS Investment Consulting Inc. lifted its holdings in Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after buying an additional 294 shares during the period. Colonial Trust Co SC grew 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 acquiring an additional 240 shares during the period. Eastern Bank lifted its stake in shares of Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 300 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Pentair in the 4th quarter worth $55,000. Institutional investors own 92.37% of the company's stock.

Insider Buying and Selling

In other news, Director David A. /Wi Jones sold 6,558 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the sale, the director now directly owns 26,313 shares in the company, valued at approximately $2,366,591.22. The trade was a 19.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Pentair Price Performance

Shares of NYSE PNR traded up $0.33 during trading hours on Tuesday, hitting $98.49. 54,858 shares of the stock were exchanged, compared to its average volume of 1,496,718. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The company's fifty day simple moving average is $86.66 and its two-hundred day simple moving average is $96.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The company has a market cap of $16.20 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating 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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $988.38 million. During the same quarter in the previous year, the business posted $0.94 EPS. On average, sell-side analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. Pentair's dividend payout ratio is currently 25.84%.

Analyst Upgrades and Downgrades

PNR has been the subject of a number of analyst reports. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Citigroup reduced their target price on shares of Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a report on Monday, April 14th. Stifel Nicolaus reduced their price target on Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Barclays increased their price objective on Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group set a $95.00 price target on shares of Pentair and gave the company a "neutral" rating in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $106.93.

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.