Pentair plc (NYSE:PNR) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its holdings in shares of Pentair plc (NYSE:PNR) by 45.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,660 shares of the industrial products company’s stock after acquiring an additional 4,928 shares during the quarter. Mizuho Securities USA LLC’s holdings in Pentair were worth $1,576,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PNR. Teacher Retirement System of Texas increased its stake in Pentair by 219.0% during the fourth quarter. Teacher Retirement System of Texas now owns 604,758 shares of the industrial products company’s stock worth $60,863,000 after purchasing an additional 415,163 shares during the period. National Bank of Canada FI raised its position in shares of Pentair by 862.2% during the 3rd quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock worth $43,212,000 after acquiring an additional 395,962 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Pentair by 67.4% in the fourth quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company’s stock valued at $89,390,000 after purchasing an additional 357,523 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Pentair during the third quarter worth approximately $26,748,000. Finally, National Pension Service lifted its position in shares of Pentair by 726.4% during the 4th quarter. National Pension Service now owns 296,554 shares of the industrial products company’s stock worth $29,845,000 after buying an additional 260,668 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Up 1.4 %

PNR stock opened at $91.11 on Wednesday. Pentair plc has a one year low of $72.63 and a one year high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The company has a fifty day moving average of $95.36 and a 200-day moving average of $98.81. The stock has a market capitalization of $15.02 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.87 and a beta of 1.23.

Pentair (NYSE:PNR) last announced its quarterly earnings data 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. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. As a group, analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The firm also recently disclosed 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 yield of 1.10%. The ex-dividend date is Thursday, April 17th. Pentair’s dividend payout ratio is presently 26.74%.

Analyst Ratings Changes

Several equities research analysts recently commented on PNR shares. Citigroup cut their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Barclays boosted their target price on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Wolfe Research started coverage on Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Pentair 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.