Fjarde AP Fonden Fourth Swedish National Pension Fund Has $3.53 Million Stock Holdings in Pentair plc (NYSE:PNR)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Pentair plc (NYSE:PNR) by 24.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,030 shares of the industrial products company’s stock after buying an additional 6,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Pentair were worth $3,525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quarry LP lifted its stake in shares of Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 134 shares during the last quarter. SJS Investment Consulting Inc. increased its position in Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 294 shares during the period. Blue Trust Inc. grew its stake in shares of Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 327 shares during the last quarter. Eastern Bank increased its holdings in Pentair by 144.9% in the fourth 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. Finally, Friedenthal Financial bought a new position in Pentair during the 4th quarter worth $56,000. Institutional investors own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. KeyCorp reissued a “sector weight” rating and set a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. Robert W. Baird raised their price target on shares of Pentair from $106.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Wolfe Research assumed coverage on shares of Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price objective on the stock. Finally, Citigroup lowered their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $111.25.

Pentair Trading Up 0.7 %

Shares of Pentair stock opened at $93.27 on Wednesday. The stock has a market capitalization of $15.41 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The stock has a 50 day moving average price of $100.00 and a two-hundred day moving average price of $98.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (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 business 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 posted $0.87 EPS. Pentair’s revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. Pentair’s dividend payout ratio is presently 26.74%.

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.