2,528 Shares in Pentair plc (NYSE:PNR) Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in shares of Pentair plc (NYSE:PNR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,528 shares of the industrial products company’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbour Investments Inc. grew its position in shares of Pentair by 10.7% during the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock valued at $644,000 after purchasing an additional 636 shares in the last quarter. Cetera Investment Advisers boosted its stake in Pentair by 222.8% during the first quarter. Cetera Investment Advisers now owns 50,653 shares of the industrial products company’s stock valued at $4,328,000 after buying an additional 34,959 shares during the last quarter. Swedbank AB grew its holdings in Pentair by 0.9% during the 2nd quarter. Swedbank AB now owns 1,146,271 shares of the industrial products company’s stock valued at $87,885,000 after buying an additional 10,000 shares in the last quarter. ORG Partners LLC bought a new stake in Pentair in the 2nd quarter worth approximately $631,000. Finally, CHICAGO TRUST Co NA bought a new stake in Pentair in the 2nd quarter worth approximately $572,000. 92.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PNR shares. The Goldman Sachs Group raised their target price on shares of Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Mizuho boosted their target price on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Wolfe Research began coverage on shares of Pentair in a report on Tuesday. They issued an “outperform” rating and a $125.00 price target for the company. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, TD Cowen raised their price objective on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pentair currently has an average rating of “Moderate Buy” and a consensus target price of $106.38.

Pentair Trading Up 0.0 %

PNR stock opened at $108.99 on Friday. Pentair plc has a 12 month low of $63.38 and a 12 month high of $110.71. The firm’s 50-day moving average is $100.57 and its 200 day moving average is $88.85. The company has a market capitalization of $18.01 billion, a PE ratio of 27.35, a P/E/G ratio of 1.94 and a beta of 1.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share. On average, research analysts anticipate that Pentair plc will post 4.28 EPS for the current year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, October 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. Pentair’s dividend payout ratio is currently 23.00%.

Insider Activity at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the transaction, the executive vice president now owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.