National Pension Service Boosts Stock Position in Pentair plc $PNR

National Pension Service grew its position in shares of Pentair plc (NYSE:PNR) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 SEC filing.

Other institutional investors have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Pentair by 71.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. Wexford Capital LP bought a new position in shares of Pentair during the 3rd quarter valued at about $26,000. Park Square Financial Group LLC increased its position in shares of Pentair by 502.8% during the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 362 shares during the last quarter. Clearstead Advisors LLC increased its position in shares of Pentair by 86.4% during the 3rd quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 204 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Pentair during the 2nd quarter valued at about $50,000. 92.37% of the stock is currently owned by institutional investors.

Pentair Price Performance

Shares of PNR stock opened at $70.97 on Tuesday. The firm has a market cap of $11.47 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.20 and a beta of 1.05. 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 price is $82.47 and its 200-day moving average price 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.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $1.11 EPS. On average, equities research analysts anticipate that Pentair plc will post 5.35 earnings per share for the current year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, July 24th. This represents a $1.08 annualized dividend and a dividend yield of 1.5%. Pentair’s payout ratio is currently 26.47%.

Wall Street Analysts Forecast Growth

PNR has been the topic of several recent research reports. TD Cowen reduced their price objective on Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada reduced their price objective on Pentair from $107.00 to $101.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings lowered Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Jefferies Financial Group restated a “buy” rating and set a $125.00 price target (down from $135.00) on shares of Pentair in a research report on Tuesday, March 31st. Finally, Seaport Research Partners reduced their price target on Pentair from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $107.86.

Pentair 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.