Mutual of America Capital Management LLC Decreases Holdings in Pentair plc (NYSE:PNR)

Mutual of America Capital Management LLC trimmed its holdings in shares of Pentair plc (NYSE:PNR) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,322 shares of the industrial products company’s stock after selling 986 shares during the period. Mutual of America Capital Management LLC’s holdings in Pentair were worth $1,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PNR. Assetmark Inc. raised its position in Pentair by 935.1% in the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 346 shares during the period. IFP Advisors Inc grew 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 valued at $26,000 after acquiring an additional 202 shares during the period. Quent Capital LLC increased its stake in shares of Pentair by 112.7% during the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 213 shares during the last quarter. Baystate Wealth Management LLC bought a new stake in shares of Pentair in the 3rd quarter worth approximately $30,000. Finally, Operose Advisors LLC purchased a new position in Pentair in the third quarter valued at approximately $34,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Price Performance

NYSE:PNR opened at $78.53 on Monday. Pentair plc has a 52-week low of $51.38 and a 52-week high of $85.81. The stock has a fifty day moving average of $80.02 and a 200 day moving average of $71.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 1.65. The firm has a market capitalization of $13.04 billion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 1.50 and a beta of 1.20.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. The firm had revenue of $984.60 million during the quarter, compared to the consensus estimate of $975.36 million. Pentair had a return on equity of 20.80% and a net margin of 15.17%. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.82 EPS. On average, research analysts expect that Pentair plc will post 4.2 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Thursday, April 18th. Pentair’s payout ratio is 24.53%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Nicolaus boosted their target price on Pentair from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $91.00 price objective on shares of Pentair in a report on Friday, March 22nd. Bank of America upgraded shares of Pentair from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $46.00 to $76.00 in a research note on Thursday, January 11th. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Northcoast Research upgraded shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Pentair has an average rating of “Moderate Buy” and a consensus 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.