Pentair plc (NYSE:PNR) Shares Sold by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC lowered its stake in Pentair plc (NYSE:PNR) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 34,582 shares of the industrial products company’s stock after selling 376 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Pentair were worth $2,955,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. grew its stake in Pentair by 4.1% in the 1st quarter. First Trust Direct Indexing L.P. now owns 3,558 shares of the industrial products company’s stock valued at $304,000 after acquiring an additional 140 shares during the period. Norden Group LLC acquired a new stake in Pentair during the 1st quarter worth $1,103,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Pentair by 1.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 451,655 shares of the industrial products company’s stock worth $38,589,000 after purchasing an additional 4,861 shares during the last quarter. AMF Tjanstepension AB acquired a new stake in Pentair during the 1st quarter worth $45,096,000. Finally, Affiance Financial LLC acquired a new stake in Pentair during the 1st quarter worth $201,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insiders Place Their Bets

In other Pentair news, CEO Jerome O. Pedretti sold 24,747 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the sale, the chief executive officer now directly owns 38,538 shares in the company, valued at $3,254,534.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.28% of the company’s stock.

Wall Street Analyst Weigh In

PNR has been the topic of several recent research reports. Barclays lifted their target price on shares of Pentair from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Mizuho lifted their target price on shares of Pentair from $82.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. BNP Paribas initiated coverage on shares of Pentair in a research note on Tuesday, March 12th. They set a “neutral” rating and a $86.00 target price on the stock. KeyCorp lifted their target price on shares of Pentair from $82.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Finally, Royal Bank of Canada reduced their price target on Pentair from $103.00 to $99.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Pentair has an average rating of “Moderate Buy” and a consensus target price of $90.71.

Pentair Stock Performance

PNR remained flat at $74.74 on Thursday. 577,099 shares of the company traded hands, compared to its average volume of 1,671,902. The stock has a market cap of $12.41 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.31 and a beta of 1.21. Pentair plc has a 12-month low of $57.18 and a 12-month high of $85.84. The stock’s 50-day simple moving average is $79.98 and its two-hundred day simple moving average is $77.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.17 and a current ratio of 1.90.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Pentair had a net margin of 15.30% and a return on equity of 20.16%. Pentair’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. On average, analysts predict that Pentair plc will post 4.22 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, July 19th. This represents a $0.92 dividend on an annualized basis and a yield of 1.23%. Pentair’s dividend payout ratio (DPR) is presently 24.47%.

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.