3,089 Shares in Pentair plc (NYSE:PNR) Bought by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in shares of Pentair plc (NYSE:PNR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,089 shares of the industrial products company’s stock, valued at approximately $302,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC increased its position in shares of Pentair by 101.9% during the third quarter. Sanctuary Advisors LLC now owns 11,933 shares of the industrial products company’s stock valued at $1,276,000 after buying an additional 6,024 shares during the period. Coldstream Capital Management Inc. boosted its position in Pentair by 13.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,652 shares of the industrial products company’s stock valued at $361,000 after acquiring an additional 433 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Pentair by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock worth $389,800,000 after acquiring an additional 19,853 shares during the period. M&T Bank Corp raised its position in shares of Pentair by 2.3% in the 3rd quarter. M&T Bank Corp now owns 33,132 shares of the industrial products company’s stock worth $3,240,000 after acquiring an additional 734 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Pentair in the 3rd quarter valued at approximately $6,319,000. 92.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the transaction, the executive vice president now directly owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.28% of the stock is currently owned by insiders.

Pentair Stock Down 4.1 %

PNR stock opened at $101.17 on Thursday. The stock has a market capitalization of $16.72 billion, a P/E ratio of 25.29, a P/E/G ratio of 1.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. Pentair plc has a 1-year low of $68.08 and a 1-year high of $110.71. The business has a fifty day moving average price of $103.73 and a 200-day moving average price of $91.36.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS. Equities analysts forecast that Pentair plc will post 4.28 earnings per share for the current fiscal year.

Pentair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 0.99%. This is a boost from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio (DPR) is currently 23.00%.

Analyst Ratings Changes

Several brokerages recently weighed in on PNR. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Wolfe Research initiated coverage on shares of Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. The Goldman Sachs Group lifted their price target on shares of Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup upped their price objective on shares of Pentair from $113.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Pentair in a report on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $109.38.

About Pentair

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.