ORG Wealth Partners LLC Purchases Shares of 7,117 Pentair plc (NYSE:PNR)

ORG Wealth Partners LLC purchased a new stake in shares of Pentair plc (NYSE:PNR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,117 shares of the industrial products company’s stock, valued at approximately $696,000.

Other large investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Pentair during the 2nd quarter valued at about $25,000. Crewe Advisors LLC grew its stake in shares of Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 267 shares during the period. Family Firm Inc. bought a new position in shares of Pentair during the 2nd quarter valued at approximately $48,000. LRI Investments LLC bought a new position in shares of Pentair during the 1st quarter valued at approximately $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Pentair during the 2nd quarter valued at approximately $67,000. 92.37% of the stock is currently owned by institutional investors.

Pentair Stock Performance

NYSE PNR opened at $97.63 on Monday. Pentair plc has a fifty-two week low of $57.18 and a fifty-two week high of $98.23. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65. The firm has a market capitalization of $16.21 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20. The stock’s fifty day moving average is $89.72 and its two-hundred day moving average is $83.90.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. On average, research analysts anticipate that Pentair plc will post 4.26 earnings per share for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.92 annualized dividend and a yield of 0.94%. Pentair’s dividend payout ratio (DPR) is 24.47%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PNR shares. Deutsche Bank Aktiengesellschaft upped their price target on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group upped their price objective on Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Oppenheimer upped their price objective on Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Royal Bank of Canada upped their price objective on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, StockNews.com raised Pentair from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.33.

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.