ORG Partners LLC Increases Stake in Pentair plc (NYSE:PNR)

ORG Partners LLC raised its holdings in shares of Pentair plc (NYSE:PNR) by 46.9% during the 4th quarter, HoldingsChannel reports. The fund owned 3,343 shares of the industrial products company’s stock after acquiring an additional 1,068 shares during the quarter. ORG Partners LLC’s holdings in Pentair were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Inspire Advisors LLC lifted its position in Pentair by 1.6% during the third quarter. Inspire Advisors LLC now owns 8,121 shares of the industrial products company’s stock valued at $794,000 after purchasing an additional 130 shares in the last quarter. Quarry LP lifted its position in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Pentair by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,923 shares of the industrial products company’s stock valued at $286,000 after buying an additional 158 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Pentair by 14.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,337 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 167 shares in the last quarter. Finally, Independent Advisor Alliance raised its stake in Pentair by 2.3% during the 3rd quarter. Independent Advisor Alliance now owns 7,525 shares of the industrial products company’s stock worth $736,000 after acquiring an additional 170 shares during the period. Institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling

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 value of $357,615.96. Following the completion of the sale, the executive vice president now owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Pentair Stock Down 2.6 %

Shares of NYSE:PNR opened at $96.88 on Friday. The company has a market cap of $16.01 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.91 and a beta of 1.21. Pentair plc has a 12 month low of $69.42 and a 12 month high of $110.71. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $104.42 and a 200 day moving average price of $93.70.

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

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, January 24th. This is a positive change from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio (DPR) is 25.00%.

Analyst Upgrades and Downgrades

PNR has been the subject of a number of analyst reports. Citigroup increased their price objective on shares of Pentair from $113.00 to $126.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays raised their price target on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Oppenheimer upped their price objective on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. UBS Group lifted their target price on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target on Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.38.

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.