Ilmarinen Mutual Pension Insurance Co Buys New Position in Pentair plc (NYSE:PNR)

Ilmarinen Mutual Pension Insurance Co purchased a new position in shares of Pentair plc (NYSE:PNR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 25,000 shares of the industrial products company’s stock, valued at approximately $2,516,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP raised its stake in Pentair by 105.5% during 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 shares of Pentair by 753.8% in the 4th 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 in the last quarter. Eastern Bank lifted 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 valued at $51,000 after purchasing an additional 300 shares during the period. Friedenthal Financial bought a new stake in shares of Pentair during the 4th quarter valued at about $56,000. Finally, Intact Investment Management Inc. acquired a new stake in Pentair during the fourth quarter worth approximately $60,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Trading Down 3.5 %

NYSE PNR opened at $78.66 on Friday. 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 business has a fifty day simple moving average of $92.63 and a 200 day simple moving average of $98.54. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The firm has a market capitalization of $12.96 billion, a P/E ratio of 21.03, a PEG ratio of 1.87 and a beta of 1.13.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company 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 posted $0.87 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio is presently 26.74%.

Analysts Set New Price Targets

Several equities analysts have issued reports on PNR shares. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research note on Thursday. Baird R W raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Northcoast Research raised shares of 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 price objective on shares of Pentair in a research report on Monday, January 6th. Finally, Robert W. Baird upgraded Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 target price for the company in a research note on Tuesday, March 25th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.27.

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.