Stevens Capital Management LP Makes New $741,000 Investment in Pentair plc (NYSE:PNR)

Stevens Capital Management LP acquired a new stake in shares of Pentair plc (NYSE:PNR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,359 shares of the industrial products company’s stock, valued at approximately $741,000.

Several other institutional investors have also modified their holdings of the stock. Pathstone Holdings LLC lifted its position in Pentair by 47.4% in the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock worth $1,944,000 after buying an additional 6,391 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Pentair by 3.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 38,620 shares of the industrial products company’s stock worth $3,777,000 after acquiring an additional 1,276 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Pentair by 69.9% during the 3rd 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 period. Cerity Partners LLC grew its holdings in Pentair by 130.3% during the 3rd quarter. Cerity Partners LLC now owns 32,160 shares of the industrial products company’s stock valued at $3,145,000 after purchasing an additional 18,196 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in Pentair during the 3rd quarter valued at about $247,000. 92.37% of the stock is owned by institutional investors.

Pentair Stock Performance

Shares of PNR stock opened at $87.44 on Friday. The firm 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. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $95.72 and its 200 day moving average is $98.65.

Pentair (NYSE:PNR) last announced its quarterly 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. The business had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.87 EPS. On average, sell-side analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders 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 dividend yield of 1.14%. The ex-dividend date is Thursday, April 17th. Pentair’s dividend payout ratio is currently 26.74%.

Analyst Ratings Changes

Several research analysts have issued reports on PNR shares. Citigroup dropped their target price on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research report on Monday, January 13th. KeyCorp restated a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Barclays increased their target price on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Wolfe Research started coverage on Pentair in a research report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 target price for the company. Finally, StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.93.

About Pentair

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.