Pentair plc (NYSE:PNR) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its position in shares of Pentair plc (NYSE:PNR) by 73.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,382 shares of the industrial products company’s stock after purchasing an additional 26,331 shares during the quarter. Edgestream Partners L.P.’s holdings in Pentair were worth $6,278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP grew its stake in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. grew its stake in Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 294 shares during the period. Eastern Bank grew its stake in 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 acquiring an additional 300 shares during the period. Proficio Capital Partners LLC acquired a new stake in Pentair in the 4th quarter valued at $55,000. Finally, Friedenthal Financial acquired a new stake in Pentair in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Down 1.7 %

Shares of PNR opened at $89.67 on Friday. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a market cap of $14.78 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The company’s 50-day moving average price is $98.84 and its 200 day moving average price is $98.58. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same period in the previous year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio (DPR) is 26.74%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PNR. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Oppenheimer lifted their price target on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Pentair in a research note on Thursday, November 21st. Citigroup dropped their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Robert W. Baird lifted their price target on shares of Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and an average price target of $111.25.

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.