Pentair plc (NYSE:PNR) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC increased its stake in shares of Pentair plc (NYSE:PNR) by 28.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 201,384 shares of the industrial products company’s stock after purchasing an additional 44,641 shares during the period. Gotham Asset Management LLC owned 0.12% of Pentair worth $20,267,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new position in shares of Pentair during the fourth quarter valued at approximately $25,000. SJS Investment Consulting Inc. lifted its holdings 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 purchasing an additional 294 shares in the last quarter. Colonial Trust Co SC boosted its stake in Pentair by 230.8% during the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 240 shares during the last quarter. Eastern Bank grew its holdings in shares of 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 buying an additional 300 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in shares of Pentair in the fourth quarter valued at about $56,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Pentair

In related news, Director David A. /Wi Jones sold 6,558 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the sale, the director now owns 26,313 shares in the company, valued at $2,366,591.22. The trade was a 19.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Pentair Stock Performance

Shares of PNR opened at $93.52 on Friday. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The stock has a market capitalization of $15.39 billion, a PE ratio of 25.01, a PEG ratio of 1.87 and a beta of 1.11. 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 stock has a 50-day simple moving average of $86.52 and a 200-day simple moving average of $96.46.

Pentair (NYSE:PNR) last issued 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. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. On average, analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, July 18th. Pentair’s dividend payout ratio is presently 25.84%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PNR shares. Citigroup dropped their price objective on shares of Pentair from $118.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, April 14th. StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Royal Bank of Canada raised their target price on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Stifel Nicolaus lowered their price target 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. Finally, Barclays raised their price objective on shares of Pentair from $110.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.93.

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.