Lifeworks Advisors LLC Sells 1,011 Shares of Pentair plc (NYSE:PNR)

Lifeworks Advisors LLC lessened its holdings in shares of Pentair plc (NYSE:PNR) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,476 shares of the industrial products company’s stock after selling 1,011 shares during the period. Lifeworks Advisors LLC’s holdings in Pentair were worth $1,905,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in shares of Pentair during the 2nd quarter valued at $25,000. Crewe Advisors LLC boosted its stake in Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 267 shares in the last quarter. Blue Trust Inc. boosted its stake in Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 327 shares in the last quarter. Family Firm Inc. bought a new position in Pentair in the 2nd quarter worth about $48,000. Finally, LRI Investments LLC bought a new position in Pentair in the 1st quarter worth about $56,000. Institutional investors own 92.37% of the company’s stock.

Insider Activity

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the stock in a transaction 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 sale, the executive vice president now owns 19,232 shares in the company, valued at approximately $1,916,853.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays upped their price target on shares of Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upped their price target on shares of Pentair from $101.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group upped their price target on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Northcoast Research lowered Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and an average price target of $105.13.

Pentair Stock Performance

Shares of NYSE:PNR traded down $0.09 during mid-day trading on Thursday, reaching $106.23. 116,862 shares of the company traded hands, compared to its average volume of 1,551,002. The company’s 50 day moving average price is $96.87 and its 200-day moving average price is $86.94. The firm has a market cap of $17.55 billion, a PE ratio of 26.58, a PEG ratio of 1.86 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 plc has a 52 week low of $62.04 and a 52 week high of $107.78.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The firm 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 company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 EPS. On average, equities analysts expect that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.87%. Pentair’s dividend payout ratio is currently 23.00%.

Pentair 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.