Stone Ridge Asset Management LLC Has $2.06 Million Holdings in Pentair PLC (PNR)

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Stone Ridge Asset Management LLC raised its stake in shares of Pentair PLC (NYSE:PNR) by 46.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,424 shares of the industrial products company’s stock after purchasing an additional 17,187 shares during the period. Stone Ridge Asset Management LLC’s holdings in Pentair were worth $2,056,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Enlightenment Research LLC acquired a new stake in shares of Pentair in the fourth quarter worth $42,000. Mercer Capital Advisers Inc. grew its stake in shares of Pentair by 52.0% in the fourth quarter. Mercer Capital Advisers Inc. now owns 1,900 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 650 shares during the last quarter. ETF Managers Group LLC grew its stake in shares of Pentair by 19.6% in the fourth quarter. ETF Managers Group LLC now owns 1,984 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 325 shares during the last quarter. ERTS Wealth Advisors LLC acquired a new stake in shares of Pentair in the fourth quarter worth $156,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Pentair in the third quarter worth $204,000. Institutional investors own 84.77% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Pentair from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, December 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.40.

In related news, SVP Ademir Sarcevic sold 1,287 shares of the firm’s stock in a transaction on Thursday, January 3rd. The stock was sold at an average price of $37.61, for a total value of $48,404.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Karl R. Frykman sold 10,241 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 60,877 shares of the company’s stock, valued at $2,513,002.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,794 shares of company stock valued at $482,559. 10.70% of the stock is owned by company insiders.

PNR stock traded up $0.37 during midday trading on Tuesday, hitting $43.96. The stock had a trading volume of 6,179 shares, compared to its average volume of 1,232,939. The stock has a market cap of $7.30 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 1.61 and a beta of 1.25. Pentair PLC has a 52 week low of $35.30 and a 52 week high of $72.96. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.27 and a quick ratio of 0.80.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, January 29th. The industrial products company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. The firm had revenue of $740.50 million during the quarter, compared to analysts’ expectations of $735.74 million. Pentair had a return on equity of 18.86% and a net margin of 9.92%. Pentair’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. Equities research analysts anticipate that Pentair PLC will post 2.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a $0.18 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $0.72 annualized dividend and a yield of 1.64%. Pentair’s dividend payout ratio (DPR) is currently 30.64%.

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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.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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