ORG Wealth Partners LLC Increases Stock Position in Pentair plc (NYSE:PNR)

ORG Wealth Partners LLC boosted its holdings in Pentair plc (NYSE:PNR) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,405 shares of the industrial products company’s stock after purchasing an additional 288 shares during the quarter. ORG Wealth Partners LLC’s holdings in Pentair were worth $745,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PNR. Quarry LP grew its holdings in shares of Pentair by 105.5% during the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after buying an additional 134 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of 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 purchasing an additional 327 shares during the period. True Wealth Design LLC lifted its holdings in shares of Pentair by 4,450.0% during the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 623 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Pentair by 59.1% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 705 shares of the industrial products company’s stock valued at $69,000 after buying an additional 262 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Pentair in the 3rd quarter valued at $71,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Trading Down 2.5 %

PNR stock traded down $2.50 during midday trading on Friday, reaching $96.97. 268,386 shares of the company’s stock traded hands, compared to its average volume of 845,082. 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 fifty-two week low of $69.42 and a fifty-two week high of $110.71. The business has a 50-day moving average price of $104.42 and a two-hundred day moving average price of $93.70. The company has a market capitalization of $16.02 billion, a P/E ratio of 24.24, a PEG ratio of 1.91 and a beta of 1.21.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The company had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. Equities research analysts forecast that Pentair plc will post 4.28 EPS for the current fiscal year.

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 paid a $0.25 dividend. This is a boost from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. Pentair’s payout ratio is 25.00%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PNR shares. Oppenheimer boosted their price target on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Stifel Nicolaus increased their price target on shares of Pentair from $115.00 to $126.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Barclays upped their target price on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Citigroup lifted their price target on shares of Pentair from $113.00 to $126.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their target price on Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Pentair currently has an average rating of “Moderate Buy” and an average target price of $109.38.

Insiders Place Their Bets

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares in the company, valued at approximately $1,916,853.44. This represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.