ORG Partners LLC Boosts Stock Position in Pentair plc (NYSE:PNR)

ORG Partners LLC raised its holdings in shares of Pentair plc (NYSE:PNR) by 46.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,343 shares of the industrial products company’s stock after purchasing an additional 1,068 shares during the period. ORG Partners LLC’s holdings in Pentair were worth $337,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Pentair by 91.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock valued at $159,655,000 after acquiring an additional 996,325 shares in the last quarter. Interval Partners LP increased its position in Pentair by 289.6% during the 2nd quarter. Interval Partners LP now owns 956,117 shares of the industrial products company’s stock valued at $73,305,000 after purchasing an additional 710,703 shares during the period. National Bank of Canada FI raised its holdings in Pentair by 862.2% in the 3rd quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock worth $43,212,000 after purchasing an additional 395,962 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Pentair in the 3rd quarter worth about $26,748,000. Finally, State Street Corp boosted its stake in shares of Pentair by 3.1% during the 3rd quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock valued at $856,257,000 after purchasing an additional 259,922 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

PNR has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on shares of Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus raised their target price on Pentair from $115.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wolfe Research began coverage on Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target on the stock. Mizuho raised their price objective on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Pentair in a research report on Thursday, November 21st. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Pentair presently has an average rating of “Moderate Buy” and an average price target of $109.38.

Pentair Stock Performance

Shares of PNR opened at $96.88 on Friday. The company has a market cap of $16.01 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 1.91 and a beta of 1.21. The business’s fifty day simple moving average is $104.42 and its two-hundred day simple moving average is $93.70. Pentair plc has a 12 month low of $69.42 and a 12 month high of $110.71. 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 released its quarterly earnings data 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. The company had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. Pentair’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the company earned $0.94 EPS. Research analysts anticipate that Pentair plc will post 4.28 earnings per share for the current fiscal year.

Pentair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.00 annualized dividend and a yield of 1.03%. This is a boost from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio (DPR) is currently 25.00%.

Insiders Place Their Bets

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the transaction, the executive vice president now directly owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

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.