Asset Management One Co. Ltd. Purchases 2,366 Shares of Pentair plc (NYSE:PNR)

Asset Management One Co. Ltd. raised its stake in Pentair plc (NYSE:PNR) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 71,861 shares of the industrial products company’s stock after buying an additional 2,366 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Pentair were worth $7,268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Pentair by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 27,893 shares of the industrial products company’s stock valued at $2,807,000 after acquiring an additional 167 shares during the last quarter. Savant Capital LLC raised its position in Pentair by 1.7% during the fourth quarter. Savant Capital LLC now owns 19,773 shares of the industrial products company’s stock valued at $1,990,000 after purchasing an additional 324 shares in the last quarter. Kingsview Wealth Management LLC raised its position in Pentair by 100.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,072 shares of the industrial products company’s stock valued at $510,000 after purchasing an additional 2,544 shares in the last quarter. Global X Japan Co. Ltd. increased its holdings in shares of Pentair by 4.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 5,234 shares of the industrial products company’s stock worth $527,000 after buying an additional 199 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Pentair by 2.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,365 shares of the industrial products company’s stock worth $1,949,000 after buying an additional 380 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on PNR shares. Robert W. Baird boosted their price target on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $115.00 price target on shares of Pentair in a research report on Thursday, November 21st. UBS Group boosted their price objective on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their target price on shares of Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $111.25.

Pentair Stock Down 0.5 %

PNR opened at $96.71 on Tuesday. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.91 and a current ratio of 1.60. The company has a fifty day moving average of $101.58 and a two-hundred day moving average of $97.85. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 1.93 and a beta of 1.20.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping 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 firm 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 firm earned $0.87 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, research analysts expect that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Friday, January 24th. This is a boost from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio is currently 26.74%.

About Pentair

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.