National Pension Service Has $29.85 Million Stock Position in Pentair plc (NYSE:PNR)

National Pension Service increased its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 726.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,554 shares of the industrial products company's stock after buying an additional 260,668 shares during the quarter. National Pension Service owned 0.18% of Pentair worth $29,845,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PNR. Bank of New York Mellon Corp boosted its stake in shares of Pentair by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,010,068 shares of the industrial products company's stock valued at $101,653,000 after purchasing an additional 7,434 shares in the last quarter. World Equity Group Inc. boosted its position in Pentair by 100.1% in the fourth quarter. World Equity Group Inc. now owns 6,950 shares of the industrial products company's stock valued at $699,000 after buying an additional 3,476 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Pentair by 24.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 35,030 shares of the industrial products company's stock worth $3,525,000 after buying an additional 6,900 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Pentair by 67.4% during the fourth quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company's stock worth $89,390,000 after buying an additional 357,523 shares in the last quarter. Finally, ING Groep NV boosted its holdings in shares of Pentair by 438.1% in the 4th quarter. ING Groep NV now owns 119,103 shares of the industrial products company's stock worth $11,987,000 after acquiring an additional 96,969 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

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Pentair Stock Up 1.7 %

Shares of NYSE PNR traded up $1.51 during trading hours on Wednesday, hitting $91.18. The company had a trading volume of 1,857,448 shares, compared to its average volume of 1,400,782. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The firm's 50 day moving average is $99.07 and its 200-day moving average is $98.63. The stock has a market capitalization of $15.03 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23.

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

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair's payout ratio is presently 26.74%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PNR. KeyCorp reaffirmed a "sector weight" rating and set a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Barclays lifted their price target on Pentair from $108.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Royal Bank of Canada reissued an "outperform" rating and set a $115.00 price objective on shares of Pentair in a report on Thursday, November 21st. Stifel Nicolaus dropped their target price on shares of Pentair from $126.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Finally, Citigroup lowered their target price on Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $111.25.

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.