Pentair plc (NYSE:PNR) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC cut its position in Pentair plc (NYSE:PNR) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,085 shares of the industrial products company’s stock after selling 1,347 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in Pentair were worth $3,934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its stake in Pentair by 16.0% during the second quarter. American Century Companies Inc. now owns 15,720 shares of the industrial products company’s stock worth $1,205,000 after purchasing an additional 2,164 shares during the period. Envestnet Asset Management Inc. increased its stake in Pentair by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 279,206 shares of the industrial products company’s stock worth $21,407,000 after buying an additional 14,937 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Pentair by 14.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,385 shares of the industrial products company’s stock worth $1,330,000 after buying an additional 2,175 shares during the period. XTX Topco Ltd grew its stake in shares of Pentair by 72.3% in the second quarter. XTX Topco Ltd now owns 7,935 shares of the industrial products company’s stock worth $608,000 after acquiring an additional 3,330 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Pentair by 129.9% during the second quarter. Intech Investment Management LLC now owns 42,372 shares of the industrial products company’s stock worth $3,249,000 after acquiring an additional 23,945 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction that occurred 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 sale, the executive vice president now directly owns 19,232 shares in the company, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.28% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PNR. Mizuho lifted their price objective on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Wolfe Research assumed coverage on shares of Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target for the company. Barclays increased their price objective on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. StockNews.com cut shares of Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Citigroup dropped their target price on Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.13.

Pentair Price Performance

Shares of NYSE:PNR opened at $102.98 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60. Pentair plc has a one year low of $69.56 and a one year high of $110.71. The company has a 50-day simple moving average of $104.21 and a 200-day simple moving average of $95.20. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.65 and a beta of 1.21.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping 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 company had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. During the same quarter in the prior year, the firm earned $0.94 EPS. Pentair’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts predict that Pentair plc will post 4.28 EPS for the current year.

Pentair Increases Dividend

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

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.