ORG Wealth Partners LLC Boosts Position in Pentair plc (NYSE:PNR)

ORG Wealth Partners LLC lifted its holdings in Pentair plc (NYSE:PNR) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,405 shares of the industrial products company’s stock after acquiring an additional 288 shares during the quarter. ORG Wealth Partners LLC’s holdings in Pentair were worth $745,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Quarry LP lifted its holdings in Pentair by 105.5% in the third 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 period. Blue Trust Inc. increased its holdings in Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after buying an additional 327 shares in the last quarter. True Wealth Design LLC raised its position in shares of Pentair by 4,450.0% in the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 623 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Pentair during the 2nd quarter worth about $67,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Pentair by 59.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 705 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 262 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Barclays raised their price objective on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. UBS Group boosted their price target on shares of Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wolfe Research assumed coverage on shares of Pentair in a report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $109.38.

Insider Activity

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction that occurred on 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 directly owns 19,232 shares of the company’s stock, valued at $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 available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Pentair Trading Down 2.5 %

NYSE:PNR traded down $2.50 during trading hours on Friday, reaching $96.97. 268,386 shares of the stock were exchanged, compared to its average volume of 845,082. Pentair plc has a twelve month low of $69.42 and a twelve month high of $110.71. 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 business has a 50-day moving average of $104.42 and a two-hundred day moving average of $93.70. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 1.91 and a beta of 1.21.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. The company had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. Pentair’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 EPS. On average, equities analysts predict that Pentair plc will post 4.28 EPS for the current year.

Pentair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 24th. This is a positive change from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. Pentair’s dividend payout ratio (DPR) is 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.