Avior Wealth Management LLC Sells 652 Shares of Pentair plc (NYSE:PNR)

Avior Wealth Management LLC decreased its holdings in shares of Pentair plc (NYSE:PNR) by 7.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,511 shares of the industrial products company’s stock after selling 652 shares during the period. Avior Wealth Management LLC’s holdings in Pentair were worth $857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP raised its position in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 134 shares during the last quarter. Eastern Bank raised its position in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 300 shares during the last quarter. Blue Trust Inc. raised its position in shares of Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 327 shares during the last quarter. Friedenthal Financial bought a new stake in shares of Pentair during the 4th quarter valued at $56,000. Finally, True Wealth Design LLC grew its holdings in shares of Pentair by 4,450.0% in the 3rd 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. Institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PNR. UBS Group boosted their price target on shares of Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. KeyCorp reissued a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a report on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Citigroup decreased their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $111.07.

Pentair Trading Down 1.3 %

Pentair stock opened at $103.02 on Friday. The firm has a 50-day moving average of $104.11 and a 200-day moving average of $95.74. Pentair plc has a one year low of $70.98 and a one year high of $110.71. 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 company has a market cap of $17.02 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 1.67 and a beta of 1.21.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating 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%. Pentair’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. On average, equities analysts expect that Pentair plc will post 4.28 earnings per share for the current fiscal year.

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, January 24th. Pentair’s dividend payout ratio is presently 23.00%.

Insider Activity

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the 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 transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

Pentair Company 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.