O Shaughnessy Asset Management LLC Has $1.52 Million Stock Position in Pentair plc (NYSE:PNR)

O Shaughnessy Asset Management LLC lifted its stake in shares of Pentair plc (NYSE:PNR) by 21.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,132 shares of the industrial products company’s stock after buying an additional 2,698 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Pentair were worth $1,523,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PNR. Independent Advisor Alliance increased its holdings in Pentair by 1.4% in the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company’s stock worth $768,000 after purchasing an additional 103 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Pentair by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company’s stock valued at $120,000 after buying an additional 118 shares during the period. Richardson Financial Services Inc. raised its holdings in Pentair by 16.1% in the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock valued at $92,000 after buying an additional 127 shares during the last quarter. Quarry LP boosted its position in 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 buying an additional 134 shares during the period. Finally, Annex Advisory Services LLC grew its holdings in Pentair by 2.9% during the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock worth $540,000 after acquiring an additional 151 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on PNR shares. Stifel Nicolaus cut their price target on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Robert W. Baird raised Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price target for the company in a research note on Tuesday, March 25th. Citigroup cut their price objective on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, KeyCorp restated a “sector weight” rating and set a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Four 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. According to MarketBeat.com, Pentair currently has an average rating of “Moderate Buy” and an average target price of $112.27.

Pentair Price Performance

PNR stock opened at $78.66 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The company’s 50-day moving average is $92.63 and its 200-day moving average is $98.54. The stock has a market capitalization of $12.96 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71.

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, topping the consensus estimate of $1.02 by $0.06. The business 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%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 earnings per share. Equities research analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.27%. Pentair’s payout ratio is 26.74%.

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.