Nomura Asset Management Co. Ltd. raised its position in shares of Pentair (NYSE:PNR) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,435 shares of the industrial products company’s stock after acquiring an additional 4,408 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Pentair were worth $2,078,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlueCrest Capital Management Ltd purchased a new stake in Pentair in the fourth quarter worth about $529,000. Profund Advisors LLC lifted its stake in Pentair by 31.9% in the fourth quarter. Profund Advisors LLC now owns 5,431 shares of the industrial products company’s stock worth $384,000 after acquiring an additional 1,313 shares during the period. Renaissance Technologies LLC lifted its stake in Pentair by 624.5% in the fourth quarter. Renaissance Technologies LLC now owns 732,164 shares of the industrial products company’s stock worth $51,705,000 after acquiring an additional 631,100 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Pentair during the fourth quarter valued at about $34,105,000. Finally, AXA lifted its position in shares of Pentair by 38.8% during the fourth quarter. AXA now owns 661,391 shares of the industrial products company’s stock valued at $46,708,000 after buying an additional 184,926 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.
Shares of NYSE:PNR traded down $2.37 during midday trading on Friday, reaching $68.08. 897,790 shares of the company’s stock traded hands, compared to its average volume of 1,133,788. Pentair has a 1 year low of $59.13 and a 1 year high of $74.84. The firm has a market capitalization of $12,824.15, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.46 and a quick ratio of 0.97.
Pentair (NYSE:PNR) last announced its earnings results on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Pentair had a return on equity of 13.41% and a net margin of 13.50%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. sell-side analysts expect that Pentair will post 4.02 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $1.40 dividend on an annualized basis and a yield of 2.06%. Pentair’s payout ratio is currently 39.66%.
Several analysts have commented on the stock. Zacks Investment Research raised shares of Pentair from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Tuesday. UBS lowered shares of Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. BMO Capital Markets decreased their price objective on shares of Pentair from $80.00 to $78.00 and set a “market perform” rating for the company in a research report on Wednesday, February 14th. KeyCorp increased their price objective on shares of Pentair from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $78.00 price objective on shares of Pentair in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Pentair currently has a consensus rating of “Hold” and an average price target of $71.69.
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Pentair plc operates as a diversified industrial manufacturing company in the United States, Europe, and internationally. The company operates through two segments, Water and Electrical. The Water segment designs, manufactures, and services products and solutions to meet filtration, separation, flow, and water management challenges in agriculture, aquaculture, foodservice, food and beverage processing, swimming pools, water supply and disposal, and various industrial applications.
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