Pentair plc (NYSE:PNR) Shares Sold by UMB Bank n.a.

UMB Bank n.a. decreased its position in Pentair plc (NYSE:PNR) by 7.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,582 shares of the industrial products company’s stock after selling 878 shares during the period. UMB Bank n.a.’s holdings in Pentair were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PNR. Quarry LP grew its holdings in Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after buying an additional 134 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 327 shares in the last quarter. Eastern Bank grew its stake in shares of Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Pentair during the fourth quarter valued at $56,000. Finally, True Wealth Design LLC raised its stake in shares of Pentair by 4,450.0% during the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 623 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus upped their target price on Pentair from $115.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. UBS Group lifted their price target on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, KeyCorp restated a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.13.

Insider Buying and Selling

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,916,853.44. This represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.28% of the stock is owned by corporate insiders.

Pentair Stock Performance

Shares of Pentair stock opened at $105.34 on Wednesday. Pentair plc has a 12 month low of $70.59 and a 12 month high of $110.71. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The stock has a market cap of $17.40 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21. The business has a fifty day simple moving average of $104.24 and a 200-day simple moving average of $95.42.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. During the same period in the prior year, the firm earned $0.94 earnings per share. The firm’s revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.25 per share. This is a boost from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, January 24th. Pentair’s payout ratio is currently 23.00%.

About Pentair

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.