PBU The Pension Fund of Early Childhood & Youth Educators Purchases Shares of 8,524 Pentair plc $PNR

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Pentair plc (NYSE:PNR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,524 shares of the industrial products company’s stock, valued at approximately $888,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avanza Fonder AB increased its stake in Pentair by 142.1% during the 4th quarter. Avanza Fonder AB now owns 38,940 shares of the industrial products company’s stock valued at $4,055,000 after purchasing an additional 22,858 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Pentair by 13.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,638,855 shares of the industrial products company’s stock valued at $274,810,000 after purchasing an additional 305,166 shares in the last quarter. Nordea Investment Management AB increased its stake in Pentair by 22.8% during the 4th quarter. Nordea Investment Management AB now owns 3,484,915 shares of the industrial products company’s stock valued at $366,787,000 after purchasing an additional 647,162 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Pentair by 624.2% in the 4th quarter. SG Americas Securities LLC now owns 362,648 shares of the industrial products company’s stock worth $37,766,000 after acquiring an additional 312,574 shares in the last quarter. Finally, IMC Chicago LLC bought a new stake in shares of Pentair in the 3rd quarter worth $1,635,000. Institutional investors own 92.37% of the company’s stock.

Pentair Price Performance

Shares of NYSE:PNR opened at $73.17 on Friday. The company’s 50-day moving average is $81.24 and its 200 day moving average is $94.15. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.19 and a current ratio of 1.88. The company has a market capitalization of $11.83 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.24 and a beta of 1.05. Pentair plc has a fifty-two week low of $69.93 and a fifty-two week high of $113.95.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a net margin of 15.98% and a return on equity of 21.92%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. On average, equities research analysts forecast that Pentair plc will post 5.35 earnings per share for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 24th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, July 24th. Pentair’s payout ratio is 26.47%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $125.00 target price (down from $135.00) on shares of Pentair in a research note on Tuesday, March 31st. Robert W. Baird set a $110.00 target price on shares of Pentair in a research note on Wednesday, April 29th. Royal Bank Of Canada reduced their target price on shares of Pentair from $107.00 to $101.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Seaport Research Partners reduced their target price on shares of Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Wall Street Zen lowered shares of Pentair from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Ten analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $107.86.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.