Lifeworks Advisors LLC Has $1.91 Million Position in Pentair plc (NYSE:PNR)

Lifeworks Advisors LLC reduced its holdings in Pentair plc (NYSE:PNR) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,476 shares of the industrial products company’s stock after selling 1,011 shares during the period. Lifeworks Advisors LLC’s holdings in Pentair were worth $1,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PNR. Opal Wealth Advisors LLC bought a new stake in Pentair in the 2nd quarter valued at about $25,000. Crewe Advisors LLC boosted its holdings in Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 267 shares during the period. Family Firm Inc. bought a new stake in Pentair in the 2nd quarter valued at about $48,000. Blue Trust Inc. boosted its holdings in Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares during the period. Finally, LRI Investments LLC bought a new stake in Pentair in the 1st quarter valued at about $56,000. Institutional investors own 92.37% of the company’s stock.

Insider Activity at Pentair

In related news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction on Friday, November 1st. The shares were 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 in the company, valued at $1,916,853.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. UBS Group boosted their target price on shares of Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their target price on shares of Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. TD Cowen boosted their target price on shares of Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, KeyCorp boosted their target price on shares of Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.13.

Pentair Price Performance

Shares of PNR stock traded down $0.09 during trading hours on Thursday, hitting $106.23. 116,862 shares of the company’s stock were exchanged, compared to its average volume of 1,551,002. The company has a market capitalization of $17.55 billion, a PE ratio of 26.58, a PEG ratio of 1.86 and a beta of 1.19. Pentair plc has a 12-month low of $62.04 and a 12-month high of $107.78. The business’s 50 day simple moving average is $96.87 and its 200-day simple moving average is $86.94. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The firm had revenue of $993.40 million for the quarter, compared to the consensus estimate of $988.53 million. During the same period last year, the firm posted $0.94 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that Pentair plc will post 4.28 earnings per share for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Friday, October 18th. Pentair’s dividend payout ratio (DPR) is currently 23.00%.

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.