Pentair plc (NYSE:PNR) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. reduced its position in shares of Pentair plc (NYSE:PNRGet Rating) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,792 shares of the industrial products company’s stock after selling 300 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Pentair were worth $113,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PNR. LS Investment Advisors LLC acquired a new position in Pentair during the second quarter worth about $41,000. Wipfli Financial Advisors LLC acquired a new position in Pentair during the third quarter worth about $45,000. Dupont Capital Management Corp grew its holdings in Pentair by 50.9% during the second quarter. Dupont Capital Management Corp now owns 999 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 337 shares during the period. Ancora Advisors LLC acquired a new position in Pentair during the first quarter worth about $56,000. Finally, Venture Visionary Partners LLC acquired a new position in Pentair during the second quarter worth about $64,000. 90.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group dropped their price target on Pentair to $55.00 in a research note on Thursday, October 27th. TheStreet cut Pentair from a “b-” rating to a “c+” rating in a research note on Friday, October 7th. JPMorgan Chase & Co. assumed coverage on Pentair in a research note on Wednesday, October 26th. They issued a “neutral” rating and a $42.00 price target on the stock. Barclays lifted their price target on Pentair from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Thursday, January 5th. Finally, Morgan Stanley lifted their price target on Pentair from $39.00 to $41.00 and gave the stock an “underweight” rating in a research note on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.20.

Pentair Trading Up 1.3 %

Shares of NYSE PNR opened at $50.52 on Monday. Pentair plc has a one year low of $38.55 and a one year high of $68.03. The firm has a market capitalization of $8.31 billion, a PE ratio of 15.74, a PEG ratio of 1.65 and a beta of 1.07. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $45.42 and a two-hundred day moving average price of $45.14.

Pentair (NYSE:PNRGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.06. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Pentair had a return on equity of 24.47% and a net margin of 13.02%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS. As a group, analysts predict that Pentair plc will post 3.65 earnings per share for the current fiscal year.

Pentair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 3rd. Stockholders of record on Friday, January 20th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.74%. This is a positive change from Pentair’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, January 19th. Pentair’s payout ratio is currently 26.17%.

Insider Activity

In other news, Director Glynis Bryan sold 3,947 shares of Pentair stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $45.14, for a total transaction of $178,167.58. Following the completion of the sale, the director now directly owns 27,609 shares in the company, valued at approximately $1,246,270.26. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.89% of the stock is owned by corporate insiders.

Pentair Profile

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Pentair plc provides various water solutions worldwide. It operates through Consumer Solutions; and Industrial & Flow Technologies segments. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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