Pentair plc (NYSE:PNR) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its holdings in shares of Pentair plc (NYSE:PNR) by 55.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 809 shares of the industrial products company’s stock after acquiring an additional 287 shares during the period. Smartleaf Asset Management LLC’s holdings in Pentair were worth $81,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in shares of Pentair by 4.2% during the 4th quarter. Fisher Asset Management LLC now owns 146,637 shares of the industrial products company’s stock worth $14,758,000 after purchasing an additional 5,930 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Pentair by 2.5% during the 4th quarter. QRG Capital Management Inc. now owns 9,550 shares of the industrial products company’s stock valued at $961,000 after buying an additional 229 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Pentair during the 4th quarter worth $55,000. Mn Services Vermogensbeheer B.V. raised its position in shares of Pentair by 2.2% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 65,000 shares of the industrial products company’s stock worth $6,542,000 after buying an additional 1,400 shares during the period. Finally, SRN Advisors LLC acquired a new position in Pentair in the fourth quarter valued at $793,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Trading Down 1.9 %

Shares of NYSE PNR opened at $88.15 on Monday. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. 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 stock’s 50 day simple moving average is $98.33 and its 200 day simple moving average is $98.74.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating 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 company had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. During the same period last year, the business posted $0.87 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities research analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. Pentair’s dividend payout ratio is presently 26.74%.

Wall Street Analysts Forecast Growth

PNR has been the topic of several research reports. KeyCorp restated a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a report on Monday, January 6th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Stifel Nicolaus dropped their target price on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Barclays upped their price target on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Oppenheimer lifted their price objective on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Pentair currently has an average rating of “Moderate Buy” and a consensus price target of $111.25.

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.