Quarry LP Raises Stock Holdings in Pentair plc (NYSE:PNR)

Quarry LP raised its position in Pentair plc (NYSE:PNR - Free Report) by 1,872.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,149 shares of the industrial products company's stock after purchasing an additional 4,888 shares during the quarter. Quarry LP's holdings in Pentair were worth $518,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PNR. World Investment Advisors LLC acquired a new position in shares of Pentair in the third quarter valued at approximately $302,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pentair during the third quarter worth $117,000. Tidal Investments LLC raised its stake in shares of Pentair by 35.1% in the third quarter. Tidal Investments LLC now owns 14,430 shares of the industrial products company's stock valued at $1,411,000 after acquiring an additional 3,752 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Pentair by 3.5% in the third quarter. Franklin Resources Inc. now owns 32,249 shares of the industrial products company's stock valued at $3,187,000 after purchasing an additional 1,093 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Pentair by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 219,061 shares of the industrial products company's stock worth $21,422,000 after purchasing an additional 11,392 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Stock Performance

NYSE:PNR traded up $2.85 during trading hours on Friday, reaching $93.59. 521,730 shares of the company's stock were exchanged, compared to its average volume of 1,502,728. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $15.40 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 1.87 and a beta of 1.13. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a 50-day moving average of $86.48 and a 200 day moving average of $96.71.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. The firm had revenue of $1.01 billion for 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 last year, the company posted $0.94 earnings per share. Research analysts anticipate that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. Pentair's dividend payout ratio (DPR) is presently 25.84%.

Insider Buying and Selling

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $89.94, for a total transaction of $589,826.52. Following 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Mizuho set a $100.00 price objective on Pentair in a research note on Tuesday, April 22nd. Barclays boosted their price target on shares of Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. KeyCorp restated a "sector weight" rating and issued a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. StockNews.com cut Pentair from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Citigroup cut their target price on Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.