ORG Wealth Partners LLC Invests $696,000 in Pentair plc (NYSE:PNR)

ORG Wealth Partners LLC bought a new position in shares of Pentair plc (NYSE:PNR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,117 shares of the industrial products company’s stock, valued at approximately $696,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in shares of Pentair by 0.7% in the 2nd quarter. Millennium Management LLC now owns 2,944,812 shares of the industrial products company’s stock valued at $225,779,000 after purchasing an additional 20,946 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Pentair by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,727,718 shares of the industrial products company’s stock worth $209,132,000 after purchasing an additional 53,787 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Pentair by 91.7% in the 2nd 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. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Pentair by 6.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,639,547 shares of the industrial products company’s stock valued at $125,704,000 after acquiring an additional 105,724 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in Pentair by 352.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock valued at $134,695,000 after purchasing an additional 1,228,635 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Price Performance

Shares of NYSE:PNR opened at $97.63 on Monday. The company’s 50-day moving average is $89.72 and its 200 day moving average is $83.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65. The company has a market capitalization of $16.21 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20. Pentair plc has a fifty-two week low of $57.18 and a fifty-two week high of $98.23.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. On average, equities research analysts forecast that Pentair plc will post 4.26 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, October 18th. Pentair’s dividend payout ratio (DPR) is presently 24.47%.

Analyst Upgrades and Downgrades

PNR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Stifel Nicolaus boosted their price target on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Oppenheimer lifted their price objective on shares of Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. KeyCorp lifted their price objective on shares of Pentair from $97.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Royal Bank of Canada lifted their price objective on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.33.

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.