Elo Mutual Pension Insurance Co Purchases 2,451 Shares of Pentair plc (NYSE:PNR)

Elo Mutual Pension Insurance Co raised its position in shares of Pentair plc (NYSE:PNR) by 16.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,198 shares of the industrial products company’s stock after purchasing an additional 2,451 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Pentair were worth $1,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quarry LP boosted 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 worth $26,000 after buying an additional 134 shares during the last quarter. SJS Investment Consulting Inc. raised its position in Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 294 shares during the period. Eastern Bank raised its position in Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 300 shares during the period. Friedenthal Financial purchased a new position in shares of Pentair during the 4th quarter worth $56,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Pentair during the 4th quarter valued at $60,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PNR. KeyCorp reaffirmed a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Barclays decreased their price objective on Pentair from $120.00 to $110.00 and set an “overweight” rating on the stock in a research note on Wednesday. Baird R W upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus dropped their price target on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.27.

Pentair Stock Down 2.9 %

Shares of PNR stock opened at $86.76 on Friday. The company’s fifty day simple moving average is $94.54 and its two-hundred day simple moving average is $98.77. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The stock has a market cap of $14.30 billion, a P/E ratio of 23.20, a PEG ratio of 1.87 and a beta of 1.23. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR) last posted its earnings results 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. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts predict 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. Stockholders of record on Friday, April 18th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.15%. Pentair’s dividend payout ratio is currently 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.