Global X Japan Co. Ltd. Acquires 199 Shares of Pentair plc (NYSE:PNR)

Global X Japan Co. Ltd. boosted its stake in shares of Pentair plc (NYSE:PNR) by 4.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,234 shares of the industrial products company’s stock after buying an additional 199 shares during the period. Global X Japan Co. Ltd.’s holdings in Pentair were worth $527,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PNR. Harbour Investments Inc. lifted its holdings in shares of Pentair by 10.7% in the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock valued at $644,000 after purchasing an additional 636 shares in the last quarter. Moody National Bank Trust Division acquired a new position in Pentair during the 4th quarter worth approximately $989,000. Algert Global LLC bought a new position in shares of Pentair during the 3rd quarter worth approximately $479,000. FMR LLC increased its stake in Pentair by 4.7% in the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after buying an additional 258,134 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its position in Pentair by 47.4% during the 3rd quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock worth $1,944,000 after buying an additional 6,391 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Performance

NYSE:PNR opened at $98.56 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60. Pentair plc has a fifty-two week low of $72.44 and a fifty-two week high of $110.71. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.65 and a beta of 1.20. The stock has a fifty day moving average price of $103.10 and a 200-day moving average price of $97.12.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. The firm had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. As a group, equities analysts anticipate that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a $0.25 dividend. This is a positive change from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, January 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. Pentair’s dividend payout ratio (DPR) is presently 25.00%.

Wall Street Analysts Forecast Growth

PNR has been the subject of several recent research reports. UBS Group increased their price target on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating 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 research note on Monday, January 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Pentair in a report on Thursday, November 21st. Finally, The Goldman Sachs Group upped their price objective on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Six 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. Based on data from MarketBeat, Pentair currently has an average rating of “Moderate Buy” and a consensus price target of $111.25.

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.