Pentair plc (NYSE:PNR) Shares Acquired by Mirova

Mirova lifted its holdings in Pentair plc (NYSE:PNR - Free Report) by 249.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,486 shares of the industrial products company's stock after buying an additional 17,469 shares during the quarter. Mirova's holdings in Pentair were worth $2,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PNR. SJS Investment Consulting Inc. boosted its stake in shares of Pentair by 753.8% during the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 294 shares during the period. Eastern Bank grew its stake in Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company's stock worth $51,000 after acquiring an additional 300 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Pentair during the fourth quarter worth approximately $55,000. Friedenthal Financial bought a new stake in shares of Pentair during the fourth quarter valued at approximately $56,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Pentair in the fourth quarter valued at approximately $60,000. 92.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup dropped their price target on Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. StockNews.com downgraded shares of Pentair from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lowered their price target on shares of Pentair from $125.00 to $102.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada lifted their price objective on shares of Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, The Goldman Sachs Group set a $95.00 target price on Pentair and gave the company a "neutral" rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $107.64.

Pentair Stock Performance

Pentair stock traded up $2.55 during mid-day trading on Thursday, reaching $90.30. 1,673,492 shares of the company traded hands, compared to its average volume of 1,509,378. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The firm's fifty day moving average is $87.03 and its two-hundred day moving average is $96.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.87 and a beta of 1.13.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.10. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $988.38 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. During the same quarter last year, the business posted $0.94 EPS. On average, equities research analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, April 17th. Pentair's payout ratio is 26.74%.

Pentair Company 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.