Alan B Lancz & Associates Inc. Decreases Stock Holdings in Pentair plc (NYSE:PNR)

Alan B Lancz & Associates Inc. lessened its stake in shares of Pentair plc (NYSE:PNR) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,042 shares of the industrial products company’s stock after selling 300 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Pentair were worth $407,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Pentair by 16.0% in the second quarter. American Century Companies Inc. now owns 15,720 shares of the industrial products company’s stock worth $1,205,000 after purchasing an additional 2,164 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Pentair in the 2nd quarter worth $1,328,000. Public Sector Pension Investment Board grew its holdings in shares of Pentair by 70.7% in the second quarter. Public Sector Pension Investment Board now owns 6,447 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 2,670 shares during the period. Bank of Montreal Can increased its position in Pentair by 25.9% during the second quarter. Bank of Montreal Can now owns 216,529 shares of the industrial products company’s stock valued at $17,320,000 after acquiring an additional 44,526 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Pentair by 60.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 31,664 shares of the industrial products company’s stock valued at $2,428,000 after acquiring an additional 11,929 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Pentair Trading Down 1.3 %

PNR stock opened at $103.02 on Friday. 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 $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 $95.88. The company has a market capitalization of $17.02 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.67 and a beta of 1.21.

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.97%. This is a boost from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, January 24th. Pentair’s dividend payout ratio (DPR) is presently 23.00%.

Wall Street Analysts Forecast Growth

PNR has been the subject of several research reports. KeyCorp reaffirmed a “sector weight” rating and set a $115.00 price target on shares of Pentair in a research report on Monday, January 6th. Mizuho upped their target price on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. lifted their price target on shares of Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note 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 target price on the stock. Finally, StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $111.07.

Insider Buying and Selling at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction that occurred 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 sale, the executive vice president now owns 19,232 shares of the company’s stock, valued at $1,916,853.44. The trade was a 15.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

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.