Voleon Capital Management LP Acquires New Shares in Pentair plc (NYSE:PNR)

Voleon Capital Management LP bought a new position in Pentair plc (NYSE:PNR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,808 shares of the industrial products company's stock, valued at approximately $1,088,000.

Other institutional investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. lifted its holdings in shares of Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock worth $34,000 after acquiring an additional 294 shares during the period. Eastern Bank lifted its stake in Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after purchasing an additional 300 shares during the period. Friedenthal Financial acquired a new stake in Pentair during the fourth quarter valued at approximately $56,000. Intact Investment Management Inc. bought a new stake in shares of Pentair in the 4th quarter valued at approximately $60,000. Finally, Spire Wealth Management acquired a new position in shares of Pentair in the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Trading Up 2.8 %

PNR traded up $2.57 during mid-day trading on Friday, reaching $93.31. The stock had a trading volume of 1,189,801 shares, compared to its average volume of 1,503,334. The firm's fifty day simple moving average is $86.48 and its two-hundred day simple moving average is $96.66. The stock has a market capitalization of $15.35 billion, a P/E ratio of 24.95, a P/E/G ratio of 1.87 and a beta of 1.11. Pentair plc has a 52 week low of $72.63 and a 52 week 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.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results 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. The business 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 in the prior year, the firm posted $0.94 earnings per share. On average, equities analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Friday, April 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.07%. Pentair's dividend payout ratio is currently 25.84%.

Wall Street Analyst Weigh In

Several analysts recently commented on PNR shares. Robert W. Baird decreased their price target on Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Northcoast Research upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their target price on shares of Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. StockNews.com lowered shares of Pentair from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Mizuho set a $100.00 price objective on shares of Pentair in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.93.

Insider Buying and Selling at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $89.94, for a total value 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 represents a 19.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

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.