Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Holdings in Pentair plc $PNR

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Pentair plc (NYSE:PNR) by 88.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 75,631 shares of the industrial products company’s stock after purchasing an additional 35,550 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Pentair were worth $6,588,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wexford Capital LP purchased a new stake in Pentair in the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Pentair by 71.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 105 shares during the period. Motiv8 Investments LLC acquired a new stake in shares of Pentair during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Pentair in the fourth quarter valued at $43,000. Finally, Intesa Sanpaolo Wealth Management purchased a new stake in shares of Pentair in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Performance

NYSE:PNR opened at $76.74 on Monday. The firm’s fifty day simple moving average is $75.83 and its 200 day simple moving average is $89.88. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51. Pentair plc has a twelve month low of $69.93 and a twelve month high of $113.95. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.30 and a beta of 1.03.

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

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders 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 yield of 1.4%. The ex-dividend date is Friday, July 24th. Pentair’s dividend payout ratio is currently 26.47%.

Analyst Upgrades and Downgrades

PNR has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price objective on shares of Pentair from $110.00 to $103.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Wall Street Zen cut shares of Pentair from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Seaport Research Partners lowered their target price on shares of Pentair from $130.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Weiss Ratings lowered shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $125.00 price target (down from $135.00) on shares of Pentair in a research note on Tuesday, March 31st. Ten investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $107.86.

About Pentair

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.