Claro Advisors LLC reduced its position in Pentair plc (NYSE:PNR – Free Report) by 13.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,211 shares of the industrial products company’s stock after selling 335 shares during the period. Claro Advisors LLC’s holdings in Pentair were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of the company. Quarry LP lifted its holdings in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 134 shares during the period. Blue Trust Inc. increased its position in shares of Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Pentair by 4,450.0% in the 3rd quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 623 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Pentair in the second quarter worth approximately $67,000. Finally, Massmutual Trust Co. FSB ADV grew its position in Pentair by 59.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 705 shares of the industrial products company’s stock valued at $69,000 after buying an additional 262 shares during the period. Institutional investors own 92.37% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Citigroup decreased their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research report on Monday. Barclays raised their target price on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. KeyCorp reaffirmed a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Finally, StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.13.
Pentair Trading Up 1.4 %
Pentair stock opened at $101.65 on Thursday. Pentair plc has a 1 year low of $69.42 and a 1 year high of $110.71. The firm’s 50 day moving average price is $104.32 and its 200-day moving average price is $94.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The stock has a market cap of $16.80 billion, a P/E ratio of 25.41, a PEG ratio of 1.91 and a beta of 1.21.
Pentair (NYSE:PNR – Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The company had revenue of $993.40 million for the quarter, compared to the consensus estimate of $988.53 million. During the same period in the previous year, the firm posted $0.94 EPS. Pentair’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities analysts predict that Pentair plc will post 4.28 earnings per share for the current fiscal year.
Pentair Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 24th. This is a positive change from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.98%. Pentair’s dividend payout ratio is presently 25.00%.
Insider Buying and Selling at Pentair
In other news, EVP Philip M. Rolchigo sold 3,588 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the transaction, the executive vice president now directly owns 19,232 shares in the company, valued at approximately $1,916,853.44. This represents a 15.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company 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.
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