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

Mutual of America Capital Management LLC cut its holdings in Pentair plc (NYSE:PNR) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 20,384 shares of the industrial products company’s stock after selling 561 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Pentair were worth $1,993,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PNR. Opal Wealth Advisors LLC acquired a new position in shares of Pentair during the 2nd quarter worth approximately $25,000. Crewe Advisors LLC raised its holdings in Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 267 shares during the period. Family Firm Inc. acquired a new position in shares of Pentair in the second quarter valued at approximately $48,000. Blue Trust Inc. increased its position in Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after buying an additional 327 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of Pentair during the first quarter worth $56,000. Institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

PNR has been the topic of several analyst reports. Mizuho increased their target price on Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. KeyCorp increased their price objective on shares of Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus upped their price objective on Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group lifted their target price on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Pentair currently has an average rating of “Moderate Buy” and an average price target of $105.13.

Pentair Stock Up 0.8 %

Shares of NYSE PNR opened at $106.93 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The firm has a market cap of $17.67 billion, a PE ratio of 26.73, a P/E/G ratio of 1.89 and a beta of 1.19. The company’s fifty day simple moving average is $99.38 and its 200 day simple moving average is $88.22. Pentair plc has a 12-month low of $62.63 and a 12-month high of $107.78.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. As a group, sell-side analysts forecast that Pentair plc will post 4.28 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a $0.23 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.92 annualized dividend and a yield of 0.86%. Pentair’s payout ratio is 23.00%.

Insider Activity at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the completion of the transaction, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. This represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

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.