Blueshift Asset Management LLC Purchases Shares of 5,467 Pentair PLC (PNR)

Blueshift Asset Management LLC purchased a new stake in shares of Pentair PLC (NYSE:PNR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,467 shares of the industrial products company’s stock, valued at approximately $207,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Enlightenment Research LLC bought a new stake in shares of Pentair during the 4th quarter valued at about $42,000. Mercer Capital Advisers Inc. grew its stake in shares of Pentair by 52.0% during the 4th quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 650 shares during the period. ETF Managers Group LLC grew its stake in shares of Pentair by 19.6% during the 4th quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 325 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of Pentair during the 3rd quarter valued at about $168,000. Finally, Private Advisor Group LLC bought a new stake in shares of Pentair during the 3rd quarter valued at about $204,000. Institutional investors and hedge funds own 83.78% of the company’s stock.

PNR stock opened at $42.56 on Friday. Pentair PLC has a twelve month low of $35.30 and a twelve month high of $73.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 1.27. The stock has a market cap of $7.31 billion, a PE ratio of 18.11, a P/E/G ratio of 1.61 and a beta of 1.25.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. Pentair had a return on equity of 18.86% and a net margin of 9.92%. The firm had revenue of $740.50 million for the quarter, compared to analysts’ expectations of $735.74 million. During the same period in the previous year, the firm earned $0.93 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts forecast that Pentair PLC will post 2.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, April 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.69%. Pentair’s payout ratio is currently 30.64%.

In related news, COO Karl R. Frykman sold 10,241 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $41.28, for a total value of $422,748.48. Following the transaction, the chief operating officer now directly owns 60,877 shares of the company’s stock, valued at approximately $2,513,002.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Ademir Sarcevic sold 1,287 shares of the business’s stock in a transaction that occurred on Thursday, January 3rd. The stock was sold at an average price of $37.61, for a total value of $48,404.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,794 shares of company stock worth $482,559. Insiders own 10.70% of the company’s stock.

A number of equities research analysts have issued reports on PNR shares. Zacks Investment Research upgraded Pentair from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Tuesday, November 27th. Morgan Stanley initiated coverage on Pentair in a research report on Tuesday, December 18th. They set an “equal weight” rating and a $41.00 price objective on the stock. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Pentair in a research report on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Pentair currently has an average rating of “Hold” and an average price target of $48.40.

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Pentair Profile

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

See Also: Asset Allocation

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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