Tsfg LLC Buys Shares of 2,933 Pentair plc (NYSE:PNR)

Tsfg LLC purchased a new stake in shares of Pentair plc (NYSE:PNR) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,933 shares of the industrial products company’s stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Inspire Advisors LLC raised its position in shares of Pentair by 1.6% during the 3rd quarter. Inspire Advisors LLC now owns 8,121 shares of the industrial products company’s stock worth $794,000 after acquiring an additional 130 shares in the last quarter. Quarry LP increased its stake in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC raised its holdings in Pentair by 5.7% during the third quarter. GAMMA Investing LLC now owns 2,923 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 158 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Pentair by 14.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,337 shares of the industrial products company’s stock worth $131,000 after buying an additional 167 shares during the last quarter. Finally, Independent Advisor Alliance boosted its holdings in shares of Pentair by 2.3% in the 3rd quarter. Independent Advisor Alliance now owns 7,525 shares of the industrial products company’s stock valued at $736,000 after buying an additional 170 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research report on Monday. TD Cowen upped their target price on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. UBS Group lifted their price target on Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Mizuho increased their price objective on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Wolfe Research assumed coverage on shares of Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $111.13.

Pentair Stock Up 1.8 %

Shares of NYSE:PNR opened at $98.72 on Tuesday. The company has a market cap of $16.31 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.91 and a beta of 1.21. Pentair plc has a fifty-two week low of $69.42 and a fifty-two week high of $110.71. The firm’s 50-day simple moving average is $104.38 and its 200-day simple moving average is $94.09. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last released its earnings results 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. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The company had revenue of $993.40 million for the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that Pentair plc will post 4.28 earnings per share for the current year.

Pentair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be given a dividend of $0.25 per share. This is a positive change from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, January 24th. Pentair’s payout ratio is presently 25.00%.

Insider Transactions at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

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.