National Pension Service Purchases 10,528 Shares of Pentair plc $PNR

National Pension Service lifted its position in shares of Pentair plc (NYSE:PNR) by 20.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,849 shares of the industrial products company’s stock after purchasing an additional 10,528 shares during the quarter. National Pension Service’s holdings in Pentair were worth $6,337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PNR. Avanza Fonder AB raised its stake in Pentair by 142.1% during the fourth quarter. Avanza Fonder AB now owns 38,940 shares of the industrial products company’s stock valued at $4,055,000 after buying an additional 22,858 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Pentair by 13.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,638,855 shares of the industrial products company’s stock valued at $274,810,000 after buying an additional 305,166 shares during the last quarter. Nordea Investment Management AB raised its stake in Pentair by 22.8% during the fourth quarter. Nordea Investment Management AB now owns 3,484,915 shares of the industrial products company’s stock valued at $366,787,000 after buying an additional 647,162 shares during the last quarter. IMC Chicago LLC purchased a new position in Pentair during the third quarter valued at $1,635,000. Finally, SG Americas Securities LLC raised its stake in Pentair by 624.2% during the fourth quarter. SG Americas Securities LLC now owns 362,648 shares of the industrial products company’s stock valued at $37,766,000 after buying an additional 312,574 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Pentair Stock Up 0.2%

PNR stock opened at $70.97 on Tuesday. Pentair plc has a fifty-two week low of $69.93 and a fifty-two week high of $113.95. The business’s 50-day moving average is $82.47 and its two-hundred day moving average is $95.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 1.20 and a beta of 1.05.

Pentair (NYSE:PNR) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.05. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $1.11 earnings per share. Pentair’s revenue was up 2.6% on a year-over-year basis. As a group, analysts forecast that Pentair plc will post 5.35 earnings per share for the current year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 24th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. Pentair’s dividend payout ratio is currently 26.47%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Bank of America lowered their price objective on Pentair from $100.00 to $88.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. TD Cowen lowered their price objective on Pentair from $90.00 to $75.00 and set a “sell” rating for the company in a research note on Wednesday, April 29th. Robert W. Baird set a $110.00 price objective on Pentair in a research note on Wednesday, April 29th. Seaport Research Partners lowered their price objective on Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $125.00 price objective (down from $135.00) on shares of Pentair in a research note on Tuesday, March 31st. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.86.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.