Pentair plc (NYSE:PNR) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Pentair plc (NYSE:PNR) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,180,022 shares of the industrial products company’s stock after purchasing an additional 64,008 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.71% of Pentair worth $118,757,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Parvin Asset Management LLC acquired a new stake in Pentair in the fourth quarter worth about $25,000. SJS Investment Consulting Inc. lifted its holdings in Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 294 shares during the period. Colonial Trust Co SC lifted its holdings in Pentair by 230.8% in the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 240 shares during the period. Eastern Bank lifted its holdings in Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Pentair in the fourth quarter worth about $55,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Price Performance

Shares of PNR opened at $93.52 on Monday. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.87 and a beta of 1.11. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The business’s 50-day moving average is $86.52 and its 200-day moving average is $96.43.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.01 by $0.10. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $988.38 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. During the same quarter in the previous year, the business posted $0.94 EPS. Equities research analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. Pentair’s payout ratio is currently 25.84%.

Wall Street Analyst Weigh In

PNR has been the topic of several research reports. Royal Bank of Canada boosted their price target on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. UBS Group dropped their price target on shares of Pentair from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Citigroup cut their price objective on Pentair from $118.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Mizuho set a $100.00 price objective on Pentair in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Pentair currently has an average rating of “Moderate Buy” and a consensus target price of $106.93.

Insiders Place Their Bets

In related news, Director David A. /Wi Jones sold 6,558 shares of the company’s stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the transaction, the director now directly owns 26,313 shares in the company, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.