Pentair plc (NYSE:PNR) EVP Sells $357,615.96 in Stock

Pentair plc (NYSE:PNR) EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the transaction, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Pentair Stock Performance

PNR traded up $2.64 on Tuesday, hitting $102.29. The company’s stock had a trading volume of 1,299,528 shares, compared to its average volume of 1,564,975. Pentair plc has a 12 month low of $60.15 and a 12 month high of $102.35. The company’s 50 day simple moving average is $94.48 and its 200-day simple moving average is $85.76. 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 firm has a market cap of $16.90 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 1.75 and a beta of 1.19.

Pentair (NYSE:PNR) last issued its 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 return on equity of 20.48% and a net margin of 16.29%. The business had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. During the same quarter last year, the company earned $0.94 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. Analysts forecast that Pentair plc will post 4.28 EPS for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, October 18th. Pentair’s dividend payout ratio (DPR) is 23.00%.

Institutional Investors Weigh In On Pentair

Hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System lifted its holdings 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 during the last quarter. Cetera Investment Advisers increased its position in shares of Pentair by 222.8% during the 1st quarter. Cetera Investment Advisers now owns 50,653 shares of the industrial products company’s stock valued at $4,328,000 after purchasing an additional 34,959 shares during the last quarter. Swedbank AB raised its holdings in shares of Pentair by 0.9% during the 2nd quarter. Swedbank AB now owns 1,146,271 shares of the industrial products company’s stock valued at $87,885,000 after buying an additional 10,000 shares in the last quarter. ORG Partners LLC bought a new stake in Pentair in the 2nd quarter worth approximately $631,000. Finally, Mizuho Markets Americas LLC boosted its stake in 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 in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PNR has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group raised their target price on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. UBS Group boosted their price target on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Barclays raised their price target on shares of Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $104.80.

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.