Ilmarinen Mutual Pension Insurance Co Acquires New Holdings in Pentair plc (NYSE:PNR)

Ilmarinen Mutual Pension Insurance Co purchased a new stake in Pentair plc (NYSE:PNR - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 25,000 shares of the industrial products company's stock, valued at approximately $2,516,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP raised its holdings in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after purchasing an additional 134 shares during the period. SJS Investment Consulting Inc. boosted its stake in Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 294 shares during the period. Eastern Bank grew its holdings in shares of Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 300 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Pentair in the 4th quarter worth approximately $55,000. Finally, Friedenthal Financial acquired a new position in Pentair during the 4th quarter valued at approximately $56,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Trading Up 0.6 %

Pentair stock traded up $0.45 during midday trading on Friday, reaching $81.29. The stock had a trading volume of 786,461 shares, compared to its average volume of 1,492,138. The firm's fifty day simple moving average is $89.87 and its two-hundred day simple moving average is $97.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.87 and a beta of 1.13.

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Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.06. The firm had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.87 EPS. Equities analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.23%. The ex-dividend date is Thursday, April 17th. Pentair's payout ratio is currently 26.74%.

Wall Street Analysts Forecast Growth

PNR has been the subject of several analyst reports. Citigroup reduced their price target on shares of Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a report on Monday, January 13th. Barclays cut their price target on Pentair from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Baird R W raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Robert W. Baird raised Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 target price on the stock in a research note on Tuesday, March 25th. Finally, Stifel Nicolaus decreased their price target on Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $112.27.

Pentair Profile

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.