Quantessence Capital LLC Invests $380,000 in Pentair plc (NYSE:PNR)

Quantessence Capital LLC bought a new stake in Pentair plc (NYSE:PNR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,774 shares of the industrial products company's stock, valued at approximately $380,000.

A number of other institutional investors have also recently made changes to their positions in PNR. Teacher Retirement System of Texas boosted its stake in Pentair by 219.0% during the fourth quarter. Teacher Retirement System of Texas now owns 604,758 shares of the industrial products company's stock valued at $60,863,000 after buying an additional 415,163 shares during the period. FMR LLC increased its holdings in shares of Pentair by 7.0% in the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company's stock worth $614,030,000 after buying an additional 396,581 shares during the last quarter. Norges Bank bought a new stake in shares of Pentair during the 4th quarter worth $36,568,000. Allianz Asset Management GmbH increased its stake in Pentair by 67.4% in the fourth quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company's stock valued at $89,390,000 after acquiring an additional 357,523 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Pentair by 37.0% in the 4th quarter. Bessemer Group Inc. now owns 1,283,164 shares of the industrial products company's stock valued at $129,137,000 after acquiring an additional 346,843 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Stock Down 0.1 %

Shares of PNR traded down $0.13 on Monday, hitting $89.87. 205,312 shares of the stock traded hands, compared to its average volume of 1,641,544. The company has a market capitalization of $14.83 billion, a PE ratio of 24.03, a P/E/G ratio of 1.87 and a beta of 1.13. Pentair plc has a one year low of $72.63 and a one year high of $110.71. 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 business has a 50 day simple moving average of $86.77 and a 200 day simple moving average of $96.91.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly 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. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.38 million. During the same period in the prior year, the company posted $0.94 earnings per share. As a group, equities analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.11%. Pentair's payout ratio is 25.84%.

Wall Street Analyst Weigh In

PNR has been the topic of a number of analyst reports. UBS Group decreased their price objective on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada boosted their target price on Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Mizuho set a $100.00 price target on Pentair in a research note on Tuesday, April 22nd. StockNews.com downgraded shares of Pentair from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Barclays lifted their target price on shares of Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. Four 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $106.93.

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.