Captrust Financial Advisors Has $3.78 Million Holdings in Pentair plc (NYSE:PNR)

Captrust Financial Advisors lifted its stake in shares of Pentair plc (NYSE:PNR) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,609 shares of the industrial products company’s stock after buying an additional 3,129 shares during the period. Captrust Financial Advisors’ holdings in Pentair were worth $3,776,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Harbour Investments Inc. increased its holdings in shares of Pentair by 10.7% during the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock worth $644,000 after buying an additional 636 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Pentair by 222.8% during the first quarter. Cetera Investment Advisers now owns 50,653 shares of the industrial products company’s stock worth $4,328,000 after buying an additional 34,959 shares in the last quarter. Swedbank AB increased its holdings in shares of Pentair by 0.9% during the second quarter. Swedbank AB now owns 1,146,271 shares of the industrial products company’s stock worth $87,885,000 after buying an additional 10,000 shares in the last quarter. ORG Partners LLC acquired a new position in shares of Pentair during the second quarter worth $631,000. Finally, FMR LLC grew its stake in shares of Pentair by 4.7% in the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock worth $557,860,000 after purchasing an additional 258,134 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Price Performance

PNR stock opened at $108.82 on Wednesday. The stock has a market capitalization of $17.98 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The company’s 50-day moving average is $101.11 and its 200-day moving average is $89.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. Pentair plc has a 1 year low of $65.31 and a 1 year high of $110.71.

Pentair (NYSE:PNR) last released its quarterly earnings data 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. The company had revenue of $993.40 million for the quarter, compared to analysts’ expectations of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. Equities research analysts expect that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.85%. Pentair’s dividend payout ratio is presently 23.00%.

Insider Buying and Selling

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the sale, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. This represents a 15.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on PNR shares. Wolfe Research started coverage on shares of Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price objective on the stock. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price objective 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. Mizuho boosted their price objective on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, UBS Group boosted their price objective on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pentair currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.38.

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.