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

FUKOKU MUTUAL LIFE INSURANCE Co decreased its position in Pentair plc (NYSE:PNR) by 24.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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.

Several other hedge funds have also added to or reduced their stakes in the business. Quarry LP increased its position in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 134 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 294 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after buying an additional 327 shares during the period. Eastern Bank grew its holdings in shares of Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after buying an additional 300 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in Pentair during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Down 0.1 %

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

Pentair (NYSE:PNR) last issued its quarterly earnings data 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 business had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. As a group, analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Thursday, April 17th. Pentair’s payout ratio is 26.74%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PNR. Stifel Nicolaus dropped their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Oppenheimer boosted their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. KeyCorp restated a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 5th. Finally, Wolfe Research assumed coverage on Pentair in a research note on Tuesday, November 26th. They set an “outperform” rating and a $125.00 target price on the stock. Six investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.25.

Pentair 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.