2,546 Shares in Pentair plc (NYSE:PNR) Bought by Claro Advisors LLC

Claro Advisors LLC acquired a new position in shares of Pentair plc (NYSE:PNR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,546 shares of the industrial products company’s stock, valued at approximately $249,000.

Several other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of Pentair in the second quarter worth about $25,000. Crewe Advisors LLC lifted its stake in Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 267 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after buying an additional 327 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Pentair during the second quarter worth $48,000. Finally, LRI Investments LLC bought a new position in shares of Pentair in the 1st quarter valued at $56,000. 92.37% of the stock is owned by institutional investors.

Pentair Stock Performance

NYSE:PNR opened at $104.76 on Wednesday. The firm has a market capitalization of $17.31 billion, a P/E ratio of 26.19, a P/E/G ratio of 1.89 and a beta of 1.19. Pentair plc has a twelve month low of $62.04 and a twelve month high of $107.78. The company has a fifty day moving average of $98.44 and a 200-day moving average of $87.73. 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 (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $988.53 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The business’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Pentair plc will post 4.28 EPS for the current year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.88%. Pentair’s dividend payout ratio (DPR) is presently 23.00%.

Analyst Upgrades and Downgrades

PNR has been the topic of a number of research reports. TD Cowen boosted their price objective on Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Oppenheimer upped their price objective on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price on shares of Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Mizuho upped their price target on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.13.

Insiders Place Their Bets

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the sale, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. The trade was a 15.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.28% of the company’s stock.

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.