First Affirmative Financial Network Has $297,000 Stake in Pentair plc (NYSE:PNR)

First Affirmative Financial Network decreased its position in shares of Pentair plc (NYSE:PNR) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,949 shares of the industrial products company’s stock after selling 134 shares during the quarter. First Affirmative Financial Network’s holdings in Pentair were worth $297,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PNR. National Bank of Canada FI raised its position in Pentair by 862.2% during the 3rd quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock worth $43,212,000 after purchasing an additional 395,962 shares during the last quarter. World Investment Advisors LLC bought a new position in Pentair during the 3rd quarter worth $26,748,000. State Street Corp raised its position in Pentair by 3.1% during the 3rd quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock worth $856,257,000 after purchasing an additional 259,922 shares during the last quarter. FMR LLC raised its position in Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock worth $557,860,000 after purchasing an additional 258,134 shares during the last quarter. Finally, Swedbank AB raised its position in Pentair by 17.9% during the 3rd quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company’s stock worth $132,141,000 after purchasing an additional 205,000 shares during the last quarter. 92.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PNR has been the subject of several analyst reports. Oppenheimer raised their target price on Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. UBS Group lifted their price objective on Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. KeyCorp reissued a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Finally, Mizuho lifted their price objective on Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.07.

Pentair Price Performance

PNR stock opened at $103.51 on Friday. The company has a market capitalization of $17.10 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21. 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 52-week low of $72.03 and a 52-week high of $110.71. The business has a 50-day simple moving average of $103.90 and a two-hundred day simple moving average of $96.44.

Pentair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. This is an increase from Pentair’s previous quarterly dividend of $0.23. Pentair’s payout ratio 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.