Piscataqua Savings Bank Sells 146 Shares of Pentair plc (NYSE:PNR)

Piscataqua Savings Bank decreased its stake in shares of Pentair plc (NYSE:PNR) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 14,392 shares of the industrial products company’s stock after selling 146 shares during the quarter. Pentair comprises about 1.2% of Piscataqua Savings Bank’s holdings, making the stock its 24th biggest position. Piscataqua Savings Bank’s holdings in Pentair were worth $1,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its holdings in shares of Pentair by 16.1% during the 4th quarter. Pacer Advisors Inc. now owns 14,364 shares of the industrial products company’s stock valued at $1,446,000 after buying an additional 1,997 shares during the period. Blue Trust Inc. increased its position in Pentair by 59.6% during the fourth quarter. Blue Trust Inc. now owns 838 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 313 shares during the last quarter. PFG Investments LLC lifted its holdings in Pentair by 6.8% in the fourth quarter. PFG Investments LLC now owns 3,813 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 244 shares during the period. SJS Investment Consulting Inc. boosted its position in Pentair by 753.8% in the fourth quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 294 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Pentair by 116.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 22,793 shares of the industrial products company’s stock valued at $2,294,000 after purchasing an additional 12,246 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Activity at Pentair

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 value of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares in the company, valued at $1,916,853.44. The trade was a 15.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Pentair Stock Performance

NYSE PNR opened at $103.02 on Monday. The stock has a market capitalization of $17.02 billion, a PE ratio of 25.75, a P/E/G ratio of 1.67 and a beta of 1.21. Pentair plc has a 1-year low of $70.98 and a 1-year high of $110.71. The business has a 50 day simple moving average of $104.11 and a two-hundred day simple moving average of $96.02. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, January 24th. This is a boost from Pentair’s previous quarterly dividend of $0.23. Pentair’s payout ratio is currently 23.00%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PNR. Citigroup dropped their price objective on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. lifted their price objective on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Oppenheimer increased their target price on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. UBS Group lifted their price target on shares of Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.07.

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.