40,955 Shares in Pentair plc (NYSE:PNR) Acquired by Holocene Advisors LP

Holocene Advisors LP bought a new position in shares of Pentair plc (NYSE:PNR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 40,955 shares of the industrial products company's stock, valued at approximately $4,005,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PNR. Opal Wealth Advisors LLC bought a new stake in shares of Pentair during the second quarter worth $25,000. Crewe Advisors LLC increased its holdings in Pentair by 376.1% in the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 267 shares during the last quarter. Family Firm Inc. bought a new stake in Pentair in the second quarter valued at about $48,000. 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 purchasing an additional 327 shares during the last quarter. Finally, True Wealth Design LLC grew its stake in Pentair by 4,450.0% in the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 623 shares during the period. Institutional investors own 92.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PNR shares. Wolfe Research started coverage on Pentair in a research note on Tuesday, November 26th. They issued an "outperform" rating and a $125.00 target price for the company. UBS Group boosted their target price on Pentair from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Pentair in a research report on Thursday, November 21st. TD Cowen upped their price objective on Pentair from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, StockNews.com cut Pentair from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $107.13.

Insider Transactions at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the transaction, the executive vice president now owns 19,232 shares in the company, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Pentair Stock Performance

NYSE:PNR traded down $0.70 on Thursday, hitting $108.06. The company's stock had a trading volume of 838,234 shares, compared to its average volume of 1,530,678. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average of $101.60 and a two-hundred day moving average of $89.59. The firm has a market capitalization of $17.85 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. Pentair plc has a one year low of $65.75 and a one year high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The firm had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. Research analysts predict that Pentair plc will post 4.28 earnings per share for the current year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.85%. Pentair's dividend payout ratio (DPR) is currently 23.00%.

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.