Pentair plc (NYSE:PNR) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC reduced its position in Pentair plc (NYSE:PNR) by 0.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,598 shares of the industrial products company’s stock after selling 120 shares during the period. Metis Global Partners LLC’s holdings in Pentair were worth $3,188,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. bought a new position in Pentair in the first quarter worth about $203,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Pentair by 5.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 185,155 shares of the industrial products company’s stock worth $15,820,000 after acquiring an additional 8,966 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Pentair by 11.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 285,234 shares of the industrial products company’s stock valued at $24,370,000 after buying an additional 28,423 shares in the last quarter. Twin Tree Management LP lifted its position in shares of Pentair by 69.9% in the 1st quarter. Twin Tree Management LP now owns 10,520 shares of the industrial products company’s stock valued at $899,000 after acquiring an additional 4,329 shares in the last quarter. Finally, Mizuho Markets Americas LLC boosted its position in shares of Pentair by 91.4% in the first quarter. Mizuho Markets Americas LLC now owns 145,540 shares of the industrial products company’s stock worth $12,435,000 after buying an additional 69,517 shares during the period. Institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

PNR has been the subject of several research reports. The Goldman Sachs Group raised their price target on shares of Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Oppenheimer boosted their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Cowen increased their target price on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada raised their target price on Pentair from $101.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.13.

Insider Buying and Selling

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. This represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Pentair Trading Down 0.4 %

PNR opened at $105.86 on Friday. The firm has a 50-day moving average price of $97.29 and a two-hundred day moving average price of $87.07. Pentair plc has a 1-year low of $62.04 and a 1-year high of $107.78. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $17.49 billion, a PE ratio of 26.47, a PEG ratio of 1.90 and a beta of 1.19.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $988.53 million. During the same period last year, the firm earned $0.94 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities analysts anticipate that Pentair plc will post 4.28 earnings per share for the current fiscal year.

Pentair Dividend Announcement

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