Schonfeld Strategic Advisors LLC increased its position in shares of Pentair plc (NYSE:PNR - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 618,099 shares of the industrial products company's stock after acquiring an additional 82,410 shares during the period. Pentair comprises approximately 0.4% of Schonfeld Strategic Advisors LLC's portfolio, making the stock its 23rd biggest holding. Schonfeld Strategic Advisors LLC owned about 0.37% of Pentair worth $62,205,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Pentair by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company's stock valued at $2,034,575,000 after purchasing an additional 148,031 shares during the period. FMR LLC grew its position 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 valued at $614,030,000 after buying an additional 396,581 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Pentair by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company's stock worth $410,240,000 after buying an additional 87,244 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Pentair by 27.9% during the fourth quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company's stock valued at $197,482,000 after acquiring an additional 428,184 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Pentair by 3.7% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,749,965 shares of the industrial products company's stock worth $176,117,000 after buying an additional 62,926 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the firm's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $89.94, for a total transaction of $589,826.52. Following the transaction, the director now owns 26,313 shares of the company's stock, valued at approximately $2,366,591.22. This trade represents a 19.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.
Pentair Price Performance
NYSE PNR traded up $2.57 during trading hours on Friday, reaching $93.31. The company's stock had a trading volume of 1,189,801 shares, compared to its average volume of 1,503,878. The company has a market capitalization of $15.35 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 1.87 and a beta of 1.13. The firm's 50-day moving average price is $86.48 and its 200-day moving average price is $96.68. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71.
Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.10. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $988.38 million. During the same period last year, the company earned $0.94 EPS. On average, equities research analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.
Pentair Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. Pentair's payout ratio is 25.84%.
Wall Street Analyst Weigh In
PNR has been the topic of a number of research analyst reports. UBS Group decreased their target price on Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. Citigroup cut their price objective on shares of Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a report on Monday, April 14th. KeyCorp reiterated a "sector weight" rating and set a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Finally, Stifel Nicolaus cut their price objective on shares of Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.93.
Get Our Latest Analysis on Pentair
About Pentair
(
Free Report)
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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