Arrowstreet Capital Limited Partnership Sells 60,634 Shares of Pentair plc (NYSE:PNR)

Arrowstreet Capital Limited Partnership trimmed its position in Pentair plc (NYSE:PNR – Free Report) by 39.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,078 shares of the industrial products company’s stock after selling 60,634 shares during the period.

Arrowstreet Capital Limited Partnership owned approximately 0.06% of Pentair worth $9,367,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds have also bought and sold shares of PNR.



Teacher Retirement System of Texas boosted its stake in Pentair by 219.0% in the 4th quarter. Teacher Retirement System of Texas now owns 604,758 shares of the industrial products company’s stock worth $60,863,000 after purchasing an additional 415,163 shares in the last quarter.

National Bank of Canada FI raised its holdings in shares of Pentair by 862.2% in the third quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock worth $43,212,000 after buying an additional 395,962 shares during the last quarter.

Norges Bank purchased a new stake in shares of Pentair during the fourth quarter valued at $36,568,000. Allianz Asset Management GmbH increased its position in shares of Pentair by 67.4% in the 4th quarter.

Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company’s stock valued at $89,390,000 after acquiring an additional 357,523 shares during the period. Finally, National Pension Service raised its stake in Pentair by 726.4% in the 4th quarter.

National Pension Service now owns 296,554 shares of the industrial products company’s stock worth $29,845,000 after acquiring an additional 260,668 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Price PerformanceShares of NYSE PNR opened at $78.66 on Monday. The company has a debt-to-equity ratio of 0.

46, a quick ratio of 0.92 and a current ratio of 1.60.

The firm has a fifty day moving average of $92.63 and a 200 day moving average of $98.58.

The firm has a market cap of $12.96 billion, a PE ratio of 21.03, a PEG 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. Pentair (NYSE:PNR – Get Free Report) last released its quarterly earnings results on Tuesday, February 4th.

The industrial products company reported $1.08 earnings per share for the quarter, topping 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 the consensus estimate of $970.

95 million. During the same quarter in the prior year, the firm earned $0.87 EPS.

The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, research analysts predict that Pentair plc will post 4.

77 EPS for the current fiscal year. Pentair Dividend AnnouncementThe company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a dividend of $0.

25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.

27%. The ex-dividend date is Thursday, April 17th. Pentair’s payout ratio is 26.

74%. Wall Street Analyst Weigh InSeveral analysts have weighed in on the company. Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th.

KeyCorp reiterated a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Baird R W upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th.

Stifel Nicolaus cut their price objective on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, January 24th.

Finally, Barclays decreased their target price on shares of Pentair from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th.

Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $112.

27.View Our Latest Report on PentairPentair Profile (Free Report)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.Featured StoriesFive stocks we like better than PentairCanadian Penny Stocks: Can They Make You Rich? Newsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential?Why Are Stock Sectors Important to Successful Investing?Disney 2025 Shareholders: Major Updates for InvestorsOptions Trading – Understanding Strike PriceAdvance Auto Parts Stock: A Classic Rebound Play in the MakingWant to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair plc (NYSE:PNR – Free Report).

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