Clarus Wealth Advisors Makes New $200,000 Investment in Pentair plc (NYSE:PNR)

Clarus Wealth Advisors purchased a new position in Pentair plc (NYSE:PNR) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,031 shares of the industrial products company’s stock, valued at approximately $200,000.

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

Insider Buying and Selling at Pentair

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the 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 completion of the transaction, the executive vice president now owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. This represents a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PNR. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price target on shares of Pentair in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Citigroup cut their price objective on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday. KeyCorp restated a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a report on Monday, January 6th. Finally, Stifel Nicolaus increased their price target on shares of Pentair from $115.00 to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.13.

Pentair Trading Up 1.6 %

Shares of PNR opened at $100.22 on Wednesday. Pentair plc has a 12 month low of $69.42 and a 12 month high of $110.71. The stock’s 50-day moving average is $104.32 and its two-hundred day moving average is $94.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The stock has a market cap of $16.56 billion, a PE ratio of 25.06, a P/E/G ratio of 1.91 and a beta of 1.21.

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

Pentair Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a $0.25 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. This is a positive change from Pentair’s previous quarterly dividend of $0.23. Pentair’s payout ratio is currently 25.00%.

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.