Pentair plc (NYSE:PNR) Holdings Trimmed by PDT Partners LLC

PDT Partners LLC cut its holdings in Pentair plc (NYSE:PNR) by 10.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,349 shares of the industrial products company’s stock after selling 4,444 shares during the quarter. PDT Partners LLC’s holdings in Pentair were worth $3,555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of Pentair in the 2nd quarter worth approximately $25,000. Crewe Advisors LLC grew its position in Pentair by 376.1% in the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after buying an additional 267 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after buying an additional 327 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Pentair during the 2nd quarter valued at $48,000. Finally, LRI Investments LLC bought a new stake in shares of Pentair during the 1st quarter worth $58,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Trading Up 0.0 %

NYSE:PNR opened at $108.99 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60. The company has a market capitalization of $18.01 billion, a P/E ratio of 27.25, a P/E/G ratio of 1.94 and a beta of 1.19. The stock’s 50 day moving average price is $100.57 and its 200 day moving average price is $88.85. Pentair plc has a 52 week low of $63.38 and a 52 week high of $110.71.

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

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, October 18th. Pentair’s payout ratio is 23.00%.

Insider Buying and Selling

In related news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the transaction, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer boosted their price objective on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Mizuho upped their price objective on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. KeyCorp lifted their target price on shares of Pentair from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Pentair presently has a consensus rating of “Moderate Buy” and an average target price of $106.38.

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.