Mutual of America Capital Management LLC Has $1.99 Million Holdings in Pentair plc (NYSE:PNR)

Mutual of America Capital Management LLC decreased its position in shares of Pentair plc (NYSE:PNR) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,797 shares of the industrial products company’s stock after selling 587 shares during the period. Mutual of America Capital Management LLC’s holdings in Pentair were worth $1,992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PNR. State Street Corp increased its stake in shares of Pentair by 3.1% in the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock worth $856,257,000 after purchasing an additional 259,922 shares during the period. FMR LLC grew its holdings in Pentair by 4.7% in the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after buying an additional 258,134 shares during the last quarter. Geode Capital Management LLC increased its position in Pentair by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock worth $389,800,000 after buying an additional 19,853 shares during the period. Swedbank AB lifted its holdings in shares of Pentair by 17.9% during the third quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company’s stock worth $132,141,000 after buying an additional 205,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Pentair by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,010,068 shares of the industrial products company’s stock valued at $101,653,000 after acquiring an additional 7,434 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Stifel Nicolaus cut their price objective on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. KeyCorp reiterated a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Oppenheimer boosted their price target on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Northcoast Research upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.25.

Pentair Stock Down 1.9 %

PNR opened at $88.15 on Friday. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The firm’s 50-day simple moving average is $98.59 and its 200-day simple moving average is $98.52. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. The company had revenue of $972.90 million during the quarter, compared to analyst estimates of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. Equities research analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s dividend payout ratio is currently 26.74%.

About Pentair

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.