Avior Wealth Management LLC Has $896,000 Position in Pentair plc (NYSE:PNR)

Avior Wealth Management LLC increased its position in Pentair plc (NYSE:PNR) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,163 shares of the industrial products company’s stock after buying an additional 332 shares during the period. Avior Wealth Management LLC’s holdings in Pentair were worth $896,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PNR. DekaBank Deutsche Girozentrale grew its stake in shares of Pentair by 352.5% in 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 buying an additional 1,228,635 shares during the period. Swedbank AB acquired a new stake in shares of Pentair in the 1st quarter valued at about $97,083,000. Massachusetts Financial Services Co. MA grew 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 buying an additional 996,325 shares during the period. Interval Partners LP grew its stake in shares of Pentair by 289.6% in the 2nd quarter. Interval Partners LP now owns 956,117 shares of the industrial products company’s stock valued at $73,305,000 after buying an additional 710,703 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Pentair by 44.7% in the 2nd quarter. AQR Capital Management LLC now owns 672,870 shares of the industrial products company’s stock valued at $51,589,000 after buying an additional 207,830 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the transaction, the executive vice president now directly owns 19,232 shares in the company, valued at $1,916,853.44. The trade was a 15.72 % decrease in their position. The transaction was disclosed in a document filed 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

PNR has been the subject of a number of analyst reports. KeyCorp lifted their price target on Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus lifted their price target on Pentair from $101.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Mizuho lifted their price target on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, Oppenheimer lifted their price target on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.13.

Pentair Stock Down 0.6 %

Pentair stock opened at $104.17 on Thursday. Pentair plc has a 1-year low of $62.23 and a 1-year high of $107.78. The firm has a market capitalization of $17.21 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 1.89 and a beta of 1.19. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a 50 day simple moving average of $98.77 and a 200 day simple moving average of $87.85.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share 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 business 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. Pentair’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that Pentair plc will post 4.28 earnings per share for the current year.

Pentair Dividend Announcement

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

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.