OneAscent Wealth Management LLC Has $233,000 Stock Holdings in Pentair plc (NYSE:PNR)

OneAscent Wealth Management LLC cut its holdings in Pentair plc (NYSE:PNR) by 35.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,320 shares of the industrial products company’s stock after selling 1,282 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Pentair were worth $233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC boosted its stake in shares of Pentair by 130.3% during the third quarter. Cerity Partners LLC now owns 32,160 shares of the industrial products company’s stock valued at $3,145,000 after purchasing an additional 18,196 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Pentair during the 3rd quarter worth approximately $247,000. Algert Global LLC acquired a new stake in Pentair during the 3rd quarter worth approximately $479,000. BNP Paribas Financial Markets grew its holdings in Pentair by 81.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 305,294 shares of the industrial products company’s stock worth $29,855,000 after acquiring an additional 136,971 shares during the last quarter. Finally, Townsquare Capital LLC increased its position in Pentair by 8.2% in the 3rd quarter. Townsquare Capital LLC now owns 32,813 shares of the industrial products company’s stock valued at $3,209,000 after acquiring an additional 2,484 shares during the period. Institutional investors own 92.37% of the company’s stock.

Wall Street Analysts Forecast Growth

PNR has been the topic of several analyst reports. Citigroup reduced their price objective on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. KeyCorp reiterated a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a research report on Monday, January 6th. Stifel Nicolaus lowered their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Barclays reduced their target price on Pentair from $120.00 to $110.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.27.

Pentair Price Performance

Shares of NYSE PNR opened at $86.76 on Friday. The firm has a market capitalization of $14.30 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.87 and a beta of 1.23. The firm’s 50-day moving average price is $94.54 and its 200-day moving average price is $98.77. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair plc has a 1-year low of $72.63 and a 1-year high of $110.71.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $972.90 million for the quarter, compared to the consensus estimate of $970.95 million. During the same period in the prior year, the business earned $0.87 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.15%. The ex-dividend date is Thursday, April 17th. Pentair’s payout ratio is currently 26.74%.

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.