Royal London Asset Management Ltd. Purchases 5,088 Shares of Pentair plc (NYSE:PNR)

Royal London Asset Management Ltd. increased its stake in shares of Pentair plc (NYSE:PNR) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,321 shares of the industrial products company’s stock after purchasing an additional 5,088 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.05% of Pentair worth $8,889,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP lifted its stake in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Pentair by 753.8% during the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 294 shares during the last quarter. Eastern Bank lifted its stake in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of Pentair during the 4th quarter worth $56,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Pentair during the 4th quarter worth $60,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PNR shares. StockNews.com upgraded Pentair from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Wolfe Research initiated coverage on Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target for the company. Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their price target on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Robert W. Baird increased their price target on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Four 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. According to data from MarketBeat, Pentair currently has an average rating of “Moderate Buy” and a consensus target price of $112.93.

Pentair Stock Down 1.0 %

Shares of PNR stock opened at $87.44 on Friday. The stock’s 50-day simple moving average is $95.72 and its 200-day simple moving average is $98.65. 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 firm has a market capitalization of $14.41 billion, a PE ratio of 23.38, a P/E/G ratio of 1.87 and a beta of 1.23. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71.

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

Pentair Announces Dividend

The business also recently announced 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. This represents a $1.00 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, April 17th. 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.