Clarius Group LLC Decreases Stake in Pentair plc (NYSE:PNR)

Clarius Group LLC cut its holdings in shares of Pentair plc (NYSE:PNR) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,551 shares of the industrial products company’s stock after selling 315 shares during the period. Clarius Group LLC’s holdings in Pentair were worth $257,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Merit Financial Group LLC grew its stake in shares of Pentair by 179.0% in the fourth quarter. Merit Financial Group LLC now owns 7,393 shares of the industrial products company’s stock worth $744,000 after acquiring an additional 4,743 shares during the period. Ritholtz Wealth Management bought a new stake in Pentair in the 4th quarter worth approximately $211,000. Burney Co. raised its stake in Pentair by 6.9% during the 4th quarter. Burney Co. now owns 3,999 shares of the industrial products company’s stock valued at $402,000 after buying an additional 258 shares during the last quarter. Clarus Wealth Advisors bought a new position in shares of Pentair during the 4th quarter valued at $200,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Pentair by 72.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,754 shares of the industrial products company’s stock worth $982,000 after buying an additional 4,085 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pentair

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’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 trade represents a 15.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.28% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PNR has been the topic of a number of recent research reports. KeyCorp reissued a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Mizuho increased their price objective on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Oppenheimer upped their target price on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Wolfe Research began coverage on shares of Pentair in a research note on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $111.13.

Pentair Stock Up 0.4 %

NYSE PNR opened at $102.98 on Monday. 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 plc has a 12 month low of $69.56 and a 12 month high of $110.71. The stock’s 50 day moving average is $104.27 and its 200 day moving average is $95.00. The stock has a market cap of $17.02 billion, a PE ratio of 25.75, a P/E/G ratio of 1.55 and a beta of 1.21.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. Pentair’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. Research analysts predict that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, January 24th. This is a positive change from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. Pentair’s dividend payout ratio is presently 23.00%.

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.