681 Shares in Pentair plc (NYSE:PNR) Acquired by LRI Investments LLC

LRI Investments LLC bought a new position in Pentair plc (NYSE:PNR) in the first quarter, according to its most recent filing with the SEC. The firm bought 681 shares of the industrial products company’s stock, valued at approximately $56,000.

A number of other institutional investors also recently bought and sold shares of the stock. First Trust Direct Indexing L.P. boosted 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 worth $304,000 after purchasing an additional 140 shares in the last quarter. Czech National Bank boosted its stake in Pentair by 0.5% in the 1st quarter. Czech National Bank now owns 29,094 shares of the industrial products company’s stock worth $2,486,000 after purchasing an additional 143 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Pentair by 82.4% in the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Oak Family Advisors LLC boosted its stake in Pentair by 1.6% in the 1st quarter. Oak Family Advisors LLC now owns 11,013 shares of the industrial products company’s stock worth $941,000 after purchasing an additional 169 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in Pentair by 0.5% in the 4th quarter. M&T Bank Corp now owns 32,590 shares of the industrial products company’s stock worth $2,369,000 after purchasing an additional 172 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Trading Up 2.8 %

NYSE PNR traded up $2.39 during trading hours on Friday, reaching $88.50. The company had a trading volume of 1,736,555 shares, compared to its average volume of 2,106,077. The stock has a 50-day moving average of $79.42 and a 200 day moving average of $78.76. Pentair plc has a 1-year low of $57.18 and a 1-year high of $88.96. The company has a current ratio of 1.65, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $14.65 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. Pentair’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Pentair plc will post 4.25 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, July 19th will be given a $0.23 dividend. The ex-dividend date is Friday, July 19th. This represents a $0.92 dividend on an annualized basis and a yield of 1.04%. Pentair’s payout ratio is currently 24.47%.

Insider Buying and Selling at Pentair

In other Pentair news, CEO Jerome O. Pedretti sold 24,747 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $84.45, for a total value of $2,089,884.15. Following the transaction, the chief executive officer now owns 38,538 shares of the company’s stock, valued at $3,254,534.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on PNR. Northcoast Research cut shares of Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Barclays lifted their price objective on shares of Pentair from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday. Stifel Nicolaus lifted their price objective on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, UBS Group lifted their price objective on shares of Pentair from $83.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.87.

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.