Schonfeld Strategic Advisors LLC Raises Stake in Pentair plc (NYSE:PNR)

Schonfeld Strategic Advisors LLC raised its position in shares of Pentair plc (NYSE:PNR) by 15.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 618,099 shares of the industrial products company’s stock after purchasing an additional 82,410 shares during the period. Pentair accounts for 0.4% of Schonfeld Strategic Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Schonfeld Strategic Advisors LLC’s holdings in Pentair were worth $62,205,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PNR. AQR Capital Management LLC lifted its holdings in shares of Pentair by 29.8% in the fourth quarter. AQR Capital Management LLC now owns 1,011,864 shares of the industrial products company’s stock worth $101,723,000 after buying an additional 232,525 shares in the last quarter. Lido Advisors LLC lifted its holdings in shares of Pentair by 5.4% in the fourth quarter. Lido Advisors LLC now owns 15,732 shares of the industrial products company’s stock worth $1,583,000 after buying an additional 806 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Pentair by 27.9% in the fourth quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company’s stock worth $197,482,000 after buying an additional 428,184 shares in the last quarter. Quarry LP lifted its holdings in shares of Pentair by 1,872.8% in the fourth quarter. Quarry LP now owns 5,149 shares of the industrial products company’s stock worth $518,000 after buying an additional 4,888 shares in the last quarter. Finally, Nebula Research & Development LLC purchased a new position in shares of Pentair in the fourth quarter worth $227,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Ratings Changes

PNR has been the topic of several research analyst reports. Citigroup lowered their target price on shares of Pentair from $118.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, April 14th. KeyCorp reissued a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. The Goldman Sachs Group set a $95.00 price target on shares of Pentair and gave the stock a “neutral” rating in a research report on Tuesday, April 22nd. Barclays boosted their price target on shares of Pentair from $110.00 to $111.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada boosted their price target on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $106.93.

Pentair Trading Up 0.1 %

PNR stock opened at $90.12 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The stock has a market capitalization of $14.83 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. The firm’s fifty day simple moving average is $86.65 and its two-hundred day simple moving average is $96.85.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $988.38 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. During the same period in the previous year, the firm earned $0.94 earnings per share. As a group, analysts anticipate 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. Stockholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio is currently 25.84%.

Pentair Company 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.