APG Asset Management N.V. Invests $8.67 Million in Pentair plc (NYSE:PNR)

APG Asset Management N.V. purchased a new stake in Pentair plc (NYSE:PNR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 89,200 shares of the industrial products company’s stock, valued at approximately $8,669,000. APG Asset Management N.V. owned approximately 0.05% of Pentair as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PNR. Quarry LP grew its position in shares of Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Pentair by 64.2% in the third quarter. Quantinno Capital Management LP now owns 19,297 shares of the industrial products company’s stock valued at $1,887,000 after acquiring an additional 7,546 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Pentair during the third quarter worth about $440,000. Orion Portfolio Solutions LLC increased its position in shares of Pentair by 80.8% during the third quarter. Orion Portfolio Solutions LLC now owns 6,347 shares of the industrial products company’s stock worth $621,000 after purchasing an additional 2,837 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Pentair by 3.0% in the 3rd quarter. MML Investors Services LLC now owns 7,281 shares of the industrial products company’s stock valued at $712,000 after purchasing an additional 213 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Price Performance

Pentair stock opened at $80.80 on Friday. The company has a market cap of $13.32 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The business has a fifty day moving average of $89.87 and a two-hundred day moving average of $97.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm had revenue of $972.90 million during the quarter, compared to analysts’ expectations of $970.95 million. During the same quarter last year, the business earned $0.87 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Thursday, April 17th. Pentair’s dividend payout ratio is currently 26.74%.

Analyst Ratings Changes

Several research firms have commented on PNR. Baird R W raised Pentair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Stifel Nicolaus cut their target price 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. Robert W. Baird upgraded shares of 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 dropped their price objective on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $112.27.

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.