Caisse Des Depots ET Consignations Acquires Shares of 16,853 Pentair plc (NYSE:PNR)

Caisse Des Depots ET Consignations bought a new position in Pentair plc (NYSE:PNR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,853 shares of the industrial products company’s stock, valued at approximately $1,696,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PNR. Cerity Partners LLC raised its holdings in Pentair by 130.3% during the 3rd quarter. Cerity Partners LLC now owns 32,160 shares of the industrial products company’s stock valued at $3,145,000 after acquiring an additional 18,196 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of Pentair during the 3rd quarter valued at $247,000. Algert Global LLC purchased a new stake in Pentair during the 3rd quarter worth about $479,000. Fisher Asset Management LLC boosted its stake in Pentair by 1.5% in the 3rd quarter. Fisher Asset Management LLC now owns 140,707 shares of the industrial products company’s stock worth $13,760,000 after purchasing an additional 2,072 shares during the period. Finally, Independent Advisor Alliance grew its holdings in Pentair by 2.3% during the 3rd quarter. Independent Advisor Alliance now owns 7,525 shares of the industrial products company’s stock valued at $736,000 after buying an additional 170 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Down 1.0 %

Shares of NYSE:PNR opened at $89.19 on Friday. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71. The firm has a market capitalization of $14.70 billion, a P/E ratio of 23.85, a P/E/G ratio of 1.87 and a beta of 1.23. 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 stock has a 50 day moving average price of $94.86 and a 200-day moving average price of $98.69.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $972.90 million during the quarter, compared to analysts’ expectations of $970.95 million. During the same quarter in the previous year, the business earned $0.87 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. Pentair’s dividend payout ratio is presently 26.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays lowered their price target on shares of Pentair from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup cut their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a report on Monday, January 13th. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a report on Tuesday, March 11th. Stifel Nicolaus dropped their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Baird R W upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pentair currently has an average rating of “Moderate Buy” and a consensus target price of $112.27.

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.