FUKOKU MUTUAL LIFE INSURANCE Co Sells 960 Shares of Pentair plc (NYSE:PNR)

FUKOKU MUTUAL LIFE INSURANCE Co reduced its stake in Pentair plc (NYSE:PNR) by 24.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,909 shares of the industrial products company’s stock after selling 960 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Pentair were worth $293,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Pentair by 2.2% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 65,000 shares of the industrial products company’s stock valued at $6,542,000 after purchasing an additional 1,400 shares during the last quarter. SRN Advisors LLC bought a new stake in Pentair during the fourth quarter valued at $793,000. Impact Investors Inc acquired a new stake in Pentair during the 4th quarter worth about $1,088,000. National Pension Service raised its position in shares of Pentair by 726.4% in the 4th quarter. National Pension Service now owns 296,554 shares of the industrial products company’s stock worth $29,845,000 after acquiring an additional 260,668 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Pentair by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,010,068 shares of the industrial products company’s stock valued at $101,653,000 after purchasing an additional 7,434 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wolfe Research started coverage on Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target on the stock. Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Robert W. Baird lifted their price target on shares of Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of Pentair in a research report on Thursday, November 21st. Finally, Oppenheimer boosted their price objective on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $111.25.

Pentair Stock Down 0.1 %

Shares of NYSE PNR opened at $93.22 on Thursday. The business has a 50-day moving average of $99.84 and a 200-day moving average of $98.30. The firm has a market capitalization of $15.40 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.87 and a beta of 1.20. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share 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 firm had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. During the same quarter last year, the company posted $0.87 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. Sell-side analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend 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 26.74%.

Pentair Company 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.