Moody National Bank Trust Division Invests $989,000 in Pentair plc (NYSE:PNR)

Moody National Bank Trust Division purchased a new stake in Pentair plc (NYSE:PNR) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 9,825 shares of the industrial products company’s stock, valued at approximately $989,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank grew its holdings in Pentair by 6.3% during the 4th quarter. Czech National Bank now owns 35,826 shares of the industrial products company’s stock valued at $3,606,000 after buying an additional 2,113 shares in the last quarter. ORG Wealth Partners LLC boosted its position in shares of Pentair by 4.0% in the fourth quarter. ORG Wealth Partners LLC now owns 7,405 shares of the industrial products company’s stock valued at $745,000 after acquiring an additional 288 shares during the period. ORG Partners LLC grew its stake in Pentair by 46.9% during the fourth quarter. ORG Partners LLC now owns 3,343 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 1,068 shares in the last quarter. Nordea Investment Management AB increased its holdings in Pentair by 69.7% during the 4th quarter. Nordea Investment Management AB now owns 236,502 shares of the industrial products company’s stock worth $23,835,000 after acquiring an additional 97,172 shares during the period. Finally, Everence Capital Management Inc. bought a new position in Pentair in the 4th quarter valued at $428,000. 92.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PNR shares. TD Cowen upped their price target on shares of Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Oppenheimer upped their target price on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Citigroup dropped their price target on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research report on Monday. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Mizuho boosted their price target on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Pentair currently has an average rating of “Moderate Buy” and a consensus price target of $111.13.

Insider Buying and Selling

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Pentair Stock Performance

Pentair stock opened at $98.72 on Tuesday. The firm has a fifty day simple moving average of $104.38 and a two-hundred day simple moving average of $94.09. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Pentair plc has a twelve month low of $69.42 and a twelve month high of $110.71. The company has a market capitalization of $16.31 billion, a PE ratio of 24.68, a P/E/G ratio of 1.91 and a beta of 1.21.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The company had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. During the same quarter in the previous year, the company posted $0.94 EPS. Pentair’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts expect that Pentair plc will post 4.28 EPS 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 is a boost from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, January 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. Pentair’s dividend payout ratio (DPR) is currently 25.00%.

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.