Claro Advisors LLC Acquires Shares of 2,546 Pentair plc (NYSE:PNR)

Claro Advisors LLC bought a new position in Pentair plc (NYSE:PNR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,546 shares of the industrial products company’s stock, valued at approximately $249,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its position in Pentair by 352.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock worth $134,695,000 after purchasing an additional 1,228,635 shares in the last quarter. Swedbank AB purchased a new position in shares of Pentair in the 1st quarter worth approximately $97,083,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Pentair by 91.7% in 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 shares of Pentair by 289.6% during the second quarter. Interval Partners LP now owns 956,117 shares of the industrial products company’s stock valued at $73,305,000 after acquiring an additional 710,703 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Pentair by 44.7% during the second quarter. AQR Capital Management LLC now owns 672,870 shares of the industrial products company’s stock worth $51,589,000 after acquiring an additional 207,830 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the 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 transaction, the executive vice president now 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 filing with the Securities & Exchange Commission, which is available at this link. 1.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PNR shares. StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. TD Cowen raised their price objective on shares of Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their target price 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. Oppenheimer raised their price target on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Mizuho upped their price objective on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $105.13.

Pentair Stock Down 1.0 %

PNR stock opened at $104.76 on Wednesday. Pentair plc has a twelve month low of $62.04 and a twelve month high of $107.78. The firm has a market capitalization of $17.31 billion, a PE ratio of 26.19, a PEG ratio of 1.89 and a beta of 1.19. 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 50-day simple moving average of $98.44 and a two-hundred day simple moving average of $87.73.

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

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Friday, October 18th. Pentair’s payout ratio is 23.00%.

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.