Daiwa Securities Group Inc. Has $2.35 Million Stock Holdings in Pentair plc (NYSE:PNR)

Daiwa Securities Group Inc. increased its holdings in shares of Pentair plc (NYSE:PNR) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 32,276 shares of the industrial products company’s stock after purchasing an additional 1,282 shares during the period. Daiwa Securities Group Inc.’s holdings in Pentair were worth $2,347,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. IFP Advisors Inc lifted its position in shares of Pentair by 97.6% during the 3rd quarter. IFP Advisors Inc now owns 409 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 202 shares during the last quarter. Brinker Capital Investments LLC raised its holdings in Pentair by 3.5% in the 1st quarter. Brinker Capital Investments LLC now owns 5,995 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 204 shares in the last quarter. Ieq Capital LLC raised its holdings in Pentair by 5.1% in the 3rd quarter. Ieq Capital LLC now owns 4,217 shares of the industrial products company’s stock valued at $273,000 after acquiring an additional 206 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Pentair by 1.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,984 shares of the industrial products company’s stock valued at $607,000 after acquiring an additional 207 shares in the last quarter. Finally, Quent Capital LLC raised its holdings in Pentair by 112.7% in the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Up 0.1 %

NYSE PNR opened at $78.53 on Monday. The firm has a market cap of $13.04 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. Pentair plc has a one year low of $51.38 and a one year high of $85.81. The stock’s 50 day simple moving average is $80.02 and its 200 day simple moving average is $71.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.94.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The business had revenue of $984.60 million for the quarter, compared to analyst estimates of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. Pentair’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. As a group, sell-side analysts forecast that Pentair plc will post 4.2 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.92 dividend on an annualized basis and a yield of 1.17%. Pentair’s dividend payout ratio (DPR) is presently 24.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PNR shares. Royal Bank of Canada upped their price target on Pentair from $78.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, March 4th. KeyCorp upped their price target on Pentair from $82.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Mizuho upped their price target on Pentair from $82.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Citigroup upped their price objective on Pentair from $85.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Finally, StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $87.33.

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.