Fox Run Management L.L.C. Buys 8,376 Shares of Pentair plc $PNR

Fox Run Management L.L.C. raised its stake in Pentair plc (NYSE:PNR – Free Report) by 278.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,380 shares of the industrial products company’s stock after buying an additional 8,376 shares during the quarter. Fox Run Management L.L.C.’s holdings in Pentair were worth $1,185,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PNR. Franklin Resources Inc. raised its holdings in shares of Pentair by 4.5% in the fourth quarter. Franklin Resources Inc. now owns 61,888 shares of the industrial products company’s stock valued at $6,445,000 after purchasing an additional 2,652 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Pentair by 23.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 28,147 shares of the industrial products company’s stock valued at $2,931,000 after purchasing an additional 5,296 shares during the last quarter. CenterBook Partners LP raised its holdings in shares of Pentair by 96.4% in the fourth quarter. CenterBook Partners LP now owns 9,470 shares of the industrial products company’s stock valued at $986,000 after purchasing an additional 4,649 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Pentair in the fourth quarter valued at approximately $653,000. Finally, ING Groep NV acquired a new stake in shares of Pentair in the fourth quarter valued at approximately $11,242,000. Institutional investors own 92.37% of the company’s stock.

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Pentair Price Performance

Shares of PNR opened at $74.65 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $80.78 and its 200 day simple moving average is $93.69. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.23 and a beta of 1.05. Pentair plc has a 1-year low of $69.93 and a 1-year high of $113.95.

Pentair (NYSE:PNR – Get Free Report) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. Pentair’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 EPS. On average, research analysts forecast that Pentair plc will post 5.35 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, July 24th. Pentair’s dividend payout ratio is presently 26.47%.

Wall Street Analyst Weigh In

PNR has been the topic of a number of recent research reports. Bank of America lowered their price objective on shares of Pentair from $100.00 to $88.00 and set an “underperform” rating on the stock in a report on Monday, April 20th. Robert W. Baird set a $110.00 price objective on shares of Pentair in a report on Wednesday, April 29th. TD Cowen lowered their price objective on shares of Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Pentair from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Seaport Research Partners lowered their price objective on shares of Pentair from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $107.86.

Check Out Our Latest Stock Report on Pentair

Pentair Profile

(Free Report)

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.

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