Fisher Asset Management LLC Buys 5,930 Shares of Pentair plc (NYSE:PNR)

Fisher Asset Management LLC increased its stake in shares of Pentair plc (NYSE:PNR) by 4.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 146,637 shares of the industrial products company’s stock after acquiring an additional 5,930 shares during the quarter. Fisher Asset Management LLC’s holdings in Pentair were worth $14,758,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Richardson Financial Services Inc. grew its holdings in Pentair by 16.1% during the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock worth $92,000 after buying an additional 127 shares in the last quarter. Quarry LP grew its holdings in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after buying an additional 134 shares in the last quarter. Annex Advisory Services LLC grew its holdings in Pentair by 2.9% during the fourth quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock worth $540,000 after buying an additional 151 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Pentair by 1.3% during the fourth quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company’s stock worth $1,251,000 after buying an additional 161 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Pentair by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 27,893 shares of the industrial products company’s stock worth $2,807,000 after buying an additional 167 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

PNR has been the subject of several recent research reports. Oppenheimer upped their price target on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price objective on shares of Pentair in a research report on Thursday, November 21st. Citigroup cut their price objective on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. Finally, Stifel Nicolaus cut their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $111.25.

Pentair Stock Down 2.8 %

Shares of NYSE PNR opened at $91.54 on Tuesday. Pentair plc has a one year low of $72.63 and a one year high of $110.71. 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 business’s fifty day moving average price is $99.52 and its 200-day moving average price is $98.55. The stock has a market capitalization of $15.09 billion, a PE ratio of 24.48, a P/E/G ratio of 1.87 and a beta of 1.20.

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

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.09%. Pentair’s dividend payout ratio (DPR) is 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.