Avior Wealth Management LLC Has $896,000 Holdings in Pentair plc (NYSE:PNR)

Avior Wealth Management LLC increased its stake in shares of Pentair plc (NYSE:PNR) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,163 shares of the industrial products company’s stock after purchasing an additional 332 shares during the period. Avior Wealth Management LLC’s holdings in Pentair were worth $896,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PNR. Opal Wealth Advisors LLC acquired a new position in Pentair in the second quarter valued at about $25,000. Crewe Advisors LLC grew its stake in Pentair by 376.1% in the second 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. acquired a new position in Pentair in the second quarter valued at about $48,000. Blue Trust Inc. grew its stake in 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 acquiring an additional 327 shares during the period. Finally, LRI Investments LLC acquired a new position in Pentair in the first quarter valued at about $56,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Stock Down 0.6 %

Shares of NYSE:PNR opened at $104.17 on Thursday. The firm has a market cap of $17.21 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.89 and a beta of 1.19. 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 plc has a 12-month low of $62.23 and a 12-month high of $107.78. The business has a fifty day simple moving average of $98.77 and a 200 day simple moving average of $87.85.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS. Analysts predict that Pentair plc will post 4.28 earnings per share for the current year.

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Friday, October 18th. Pentair’s dividend payout ratio is currently 23.00%.

Insider Buying and Selling

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the stock in a transaction dated Friday, November 1st. The stock was 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 in the company, valued at approximately $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 accessible through this link. 1.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank of Canada boosted their target price on Pentair from $101.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Mizuho boosted their price target on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, KeyCorp boosted their price target on Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Pentair currently has an average rating of “Moderate Buy” and a consensus price target of $105.13.

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.