Andra AP fonden acquired a new stake in shares of Pentair PLC (NYSE:PNR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 152,700 shares of the industrial products company’s stock, valued at approximately $6,797,000.

Other institutional investors have also recently made changes to their positions in the company. Horan Capital Advisors LLC. purchased a new position in Pentair during the first quarter valued at $31,000. CSat Investment Advisory L.P. lifted its position in Pentair by 47.8% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,017 shares of the industrial products company’s stock valued at $38,000 after buying an additional 329 shares during the period. Enlightenment Research LLC bought a new position in shares of Pentair during the fourth quarter valued at $42,000. Twin Tree Management LP bought a new position in shares of Pentair during the first quarter valued at $49,000. Finally, ETF Managers Group LLC increased its holdings in shares of Pentair by 19.6% during the fourth quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 325 shares in the last quarter. 84.45% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Ademir Sarcevic sold 2,435 shares of Pentair stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $45.00, for a total value of $109,575.00. Following the completion of the sale, the senior vice president now directly owns 2,763 shares in the company, valued at approximately $124,335. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on PNR shares. Oppenheimer restated a “hold” rating on shares of Pentair in a report on Thursday, February 14th. ValuEngine upgraded Pentair from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Zacks Investment Research upgraded Pentair from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Wednesday, April 3rd. BMO Capital Markets reduced their price target on Pentair from $47.00 to $43.00 and set a “market perform” rating for the company in a report on Wednesday, April 10th. Finally, Cowen restated an “outperform” rating and set a $45.00 price target (down from $52.00) on shares of Pentair in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.10.

NYSE PNR opened at $35.36 on Thursday. Pentair PLC has a one year low of $34.72 and a one year high of $45.99. The stock has a market capitalization of $6.26 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 2.67 and a beta of 1.19. The company has a quick ratio of 1.18, a current ratio of 1.77 and a debt-to-equity ratio of 0.73.

Pentair (NYSE:PNR) last released its quarterly earnings data on Wednesday, April 17th. The industrial products company reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. Pentair had a return on equity of 21.45% and a net margin of 10.13%. The company had revenue of $689.90 million during the quarter, compared to the consensus estimate of $795.82 million. During the same period last year, the company earned $0.49 EPS. Pentair’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, sell-side analysts expect that Pentair PLC will post 2.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be issued a $0.18 dividend. The ex-dividend date is Thursday, July 18th. This represents a $0.72 annualized dividend and a yield of 2.04%. Pentair’s payout ratio is 30.64%.

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Pentair Profile

Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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