Pentair plc (NYSE:PNR) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lowered its stake in Pentair plc (NYSE:PNR) by 3.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 39,085 shares of the industrial products company’s stock after selling 1,347 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Pentair were worth $3,934,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Harbour Investments Inc. increased its position in Pentair by 10.7% during the 3rd quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock worth $644,000 after purchasing an additional 636 shares in the last quarter. Moody National Bank Trust Division acquired a new position in shares of Pentair in the fourth quarter valued at approximately $989,000. Algert Global LLC purchased a new position in shares of Pentair during the third quarter valued at approximately $479,000. FMR LLC boosted its position in Pentair by 4.7% during the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock worth $557,860,000 after acquiring an additional 258,134 shares during the last quarter. Finally, Pathstone Holdings LLC grew its stake in Pentair by 47.4% in the 3rd quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock worth $1,944,000 after acquiring an additional 6,391 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PNR shares. TD Cowen raised their price objective on Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wolfe Research assumed coverage on Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target for the company. StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Stifel Nicolaus upped their price target on shares of Pentair from $115.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer lifted their price target on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $111.13.

Insider Activity

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. The trade was a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.28% of the company’s stock.

Pentair Stock Up 0.4 %

Shares of Pentair stock opened at $102.98 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $104.21 and a 200 day moving average price of $95.20. Pentair plc has a fifty-two week low of $69.56 and a fifty-two week high of $110.71. The firm has a market cap of $17.02 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.65 and a beta of 1.21.

Pentair (NYSE:PNR) last announced its quarterly earnings data 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 firm had revenue of $993.40 million for the quarter, compared to analysts’ expectations of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the business posted $0.94 earnings per share. On average, sell-side analysts forecast that Pentair plc will post 4.28 earnings per share for the current fiscal year.

Pentair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders 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 dividend on an annualized basis and a yield of 0.97%. This is a boost from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio (DPR) is currently 23.00%.

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.