Stevens Capital Management LP Takes $741,000 Position in Pentair plc (NYSE:PNR)

Stevens Capital Management LP bought a new position in Pentair plc (NYSE:PNR) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 7,359 shares of the industrial products company’s stock, valued at approximately $741,000.

Several other large investors also recently bought and sold shares of the stock. Moody National Bank Trust Division purchased a new stake in shares of Pentair during the fourth quarter valued at $989,000. Algert Global LLC acquired a new stake in Pentair during the 3rd quarter worth about $479,000. FMR LLC grew its stake in Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after purchasing an additional 258,134 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Pentair by 47.4% in the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock valued at $1,944,000 after purchasing an additional 6,391 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of Pentair by 69.9% in the third quarter. Advisors Asset Management Inc. now owns 25,002 shares of the industrial products company’s stock worth $2,445,000 after purchasing an additional 10,284 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Ratings Changes

PNR has been the topic of a number of recent research reports. Barclays upped their target price on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Stifel Nicolaus reduced their target price on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a report on Friday, January 24th. Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Finally, Wolfe Research started coverage on Pentair in a research note on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.93.

Pentair Trading Down 1.0 %

Shares of PNR stock opened at $87.44 on Friday. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a market cap of $14.41 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The stock has a 50 day simple moving average of $95.72 and a 200-day simple moving average of $98.65.

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

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid 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 yield of 1.14%. Pentair’s dividend payout ratio (DPR) is currently 26.74%.

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.