Mizuho Securities USA LLC Boosts Stake in Pentair plc (NYSE:PNR)

Mizuho Securities USA LLC raised its position in shares of Pentair plc (NYSE:PNR) by 45.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,660 shares of the industrial products company’s stock after buying an additional 4,928 shares during the quarter. Mizuho Securities USA LLC’s holdings in Pentair were worth $1,576,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Quarry LP grew its holdings in shares of Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in 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 last quarter. Eastern Bank grew its stake in shares of 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 buying an additional 300 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Pentair in the 4th quarter worth about $55,000. Finally, Friedenthal Financial purchased a new stake in shares of Pentair during the 4th quarter valued at about $56,000. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Up 1.4 %

Shares of PNR opened at $91.11 on Wednesday. The firm has a market cap of $15.02 billion, a P/E ratio of 24.36, a PEG ratio of 1.87 and a beta of 1.23. The stock’s 50 day moving average is $95.36 and its two-hundred day moving average is $98.81. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $970.95 million. During the same quarter last year, the business posted $0.87 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. KeyCorp reissued a “sector weight” rating and set a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. Citigroup lowered their price target on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research report on Monday, January 13th. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus lowered their target price on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Pentair presently has an average rating of “Moderate Buy” and a consensus target price of $112.93.

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.