Impax Asset Management Group plc Grows Position in Pentair plc (NYSE:PNR)

Impax Asset Management Group plc lifted its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,897,479 shares of the industrial products company's stock after purchasing an additional 131,745 shares during the period. Pentair accounts for 2.9% of Impax Asset Management Group plc's holdings, making the stock its 4th biggest holding. Impax Asset Management Group plc owned about 5.99% of Pentair worth $718,440,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. raised its stake in Pentair by 935.1% during the third quarter. Assetmark Inc. now owns 383 shares of the industrial products company's stock worth $25,000 after buying an additional 346 shares during the last quarter. Quent Capital LLC raised its stake in Pentair by 112.7% during the fourth quarter. Quent Capital LLC now owns 402 shares of the industrial products company's stock worth $29,000 after buying an additional 213 shares during the last quarter. IFP Advisors Inc raised its stake in Pentair by 97.6% during the third quarter. IFP Advisors Inc now owns 409 shares of the industrial products company's stock worth $26,000 after buying an additional 202 shares during the last quarter. Baystate Wealth Management LLC bought a new position in Pentair during the third quarter worth $30,000. Finally, Operose Advisors LLC bought a new position in Pentair during the third quarter worth $34,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Mizuho lifted their target price on shares of Pentair from $82.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. Citigroup lifted their price target on shares of Pentair from $85.00 to $101.00 and gave the company a "buy" rating in a research note on Monday. KeyCorp lifted their price target on shares of Pentair from $82.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, March 7th. UBS Group lifted their price target on shares of Pentair from $72.00 to $83.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. Finally, BNP Paribas assumed coverage on shares of Pentair in a research note on Tuesday, March 12th. They issued a "neutral" rating and a $86.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Pentair currently has an average rating of "Moderate Buy" and an average price target of $86.43.

Pentair Stock Up 0.5 %

Shares of NYSE:PNR traded up $0.41 during midday trading on Tuesday, hitting $83.72. 1,444,455 shares of the company's stock were exchanged, compared to its average volume of 1,644,928. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.65 and a quick ratio of 0.94. The stock has a 50 day moving average price of $79.00 and a 200-day moving average price of $70.67. The company has a market cap of $13.90 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. Pentair plc has a 12 month low of $51.38 and a 12 month high of $85.81.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. Pentair had a net margin of 15.17% and a return on equity of 20.80%. The business had revenue of $984.60 million for the quarter, compared to analysts' expectations of $975.36 million. During the same period in the previous year, the company earned $0.82 earnings per share. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Pentair plc will post 4.22 EPS for the current fiscal year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, April 18th. Pentair's dividend payout ratio (DPR) is presently 24.53%.

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.