Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in Pentair plc (NYSE:PNR)

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Pentair plc (NYSE:PNR - Free Report) by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,087 shares of the industrial products company's stock after purchasing an additional 9,761 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of Pentair worth $9,670,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PNR. Prudential Financial Inc. raised its holdings in Pentair by 202.8% during the 4th quarter. Prudential Financial Inc. now owns 171,173 shares of the industrial products company's stock valued at $17,227,000 after acquiring an additional 114,634 shares during the period. Vanguard Group Inc. raised its stake in shares of Pentair by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company's stock valued at $2,034,575,000 after purchasing an additional 148,031 shares during the period. Stevens Capital Management LP purchased a new stake in Pentair during the 4th quarter worth about $741,000. LPL Financial LLC lifted its holdings in Pentair by 60.7% during the 4th quarter. LPL Financial LLC now owns 103,563 shares of the industrial products company's stock worth $10,423,000 after purchasing an additional 39,134 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Pentair in the 4th quarter worth about $6,075,000. Institutional investors own 92.37% of the company's stock.

Pentair Stock Down 7.5 %

Shares of PNR stock traded down $6.71 during midday trading on Thursday, reaching $82.38. 323,413 shares of the stock were exchanged, compared to its average volume of 1,459,442. The firm has a market cap of $13.58 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The company's 50 day moving average is $93.57 and its two-hundred day moving average is $98.73. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71.

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

Pentair Announces Dividend

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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's dividend payout ratio (DPR) is presently 26.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PNR shares. Citigroup lowered their price target on shares of Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a report on Monday, January 13th. StockNews.com upgraded Pentair from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th. KeyCorp reiterated a "sector weight" rating and set a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. Barclays cut their price objective on Pentair from $120.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Pentair has a consensus rating of "Moderate Buy" and an average price target 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.