OneAscent Wealth Management LLC Has $233,000 Stock Holdings in Pentair plc (NYSE:PNR)

OneAscent Wealth Management LLC reduced its stake in shares of Pentair plc (NYSE:PNR) by 35.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,320 shares of the industrial products company’s stock after selling 1,282 shares during the period. OneAscent Wealth Management LLC’s holdings in Pentair were worth $233,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PNR. Vanguard Group Inc. raised its holdings in shares of Pentair by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company’s stock worth $2,034,575,000 after acquiring an additional 148,031 shares during the period. State Street Corp grew its position in Pentair by 3.1% in the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock valued at $856,257,000 after purchasing an additional 259,922 shares in the last quarter. Geode Capital Management LLC increased its stake in Pentair by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock valued at $389,800,000 after buying an additional 19,853 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Pentair by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,010,068 shares of the industrial products company’s stock worth $101,653,000 after buying an additional 7,434 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Pentair by 67.4% during the 4th quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company’s stock worth $89,390,000 after buying an additional 357,523 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PNR. 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. Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Stifel Nicolaus lowered their target price on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Baird R W upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Finally, Robert W. Baird upgraded shares of Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price objective on the stock in a research note on Tuesday, March 25th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $112.27.

Pentair Stock Down 2.9 %

PNR opened at $86.76 on Friday. The stock has a fifty day moving average of $94.54 and a 200-day moving average of $98.77. The company has a market capitalization of $14.30 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.87 and a beta of 1.23. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm had revenue of $972.90 million during the quarter, compared to the consensus estimate of $970.95 million. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.15%. Pentair’s dividend payout ratio is presently 26.74%.

About Pentair

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.