Pentair plc (NYSE:PNR) Stock Holdings Decreased by Financial & Tax Architects LLC

Financial & Tax Architects LLC reduced its position in Pentair plc (NYSE:PNR) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,089 shares of the industrial products company’s stock after selling 424 shares during the period. Financial & Tax Architects LLC’s holdings in Pentair were worth $613,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP grew its position in Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares in the last quarter. Blue Trust Inc. grew its position in Pentair by 165.2% during the third 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 in the last quarter. Eastern Bank grew its position in Pentair by 144.9% during the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares in the last quarter. Friedenthal Financial purchased a new position in Pentair during the fourth quarter valued at approximately $56,000. Finally, True Wealth Design LLC grew its position in Pentair by 4,450.0% during the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 623 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction on 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 in the company, valued at $1,916,853.44. This represents a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on PNR shares. TD Cowen boosted their price objective on shares of Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. KeyCorp reiterated a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a research note on Monday, January 6th. Stifel Nicolaus lifted their target price on shares of Pentair from $115.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Oppenheimer lifted their target price on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Pentair in a research report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $111.13.

Pentair Stock Performance

Shares of NYSE PNR traded up $0.40 during trading hours on Friday, reaching $102.98. The stock had a trading volume of 993,945 shares, compared to its average volume of 905,260. The business’s fifty day moving average is $104.27 and its two-hundred day moving average is $94.72. 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 company has a market cap of $17.02 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.55 and a beta of 1.21. Pentair plc has a twelve month low of $69.56 and a twelve month high of $110.71.

Pentair (NYSE:PNR) last issued 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 business had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. Pentair’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. As a group, research analysts expect that Pentair plc will post 4.28 EPS for the current year.

Pentair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. This is a boost from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, January 24th. Pentair’s dividend payout ratio is 23.00%.

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.