Moody National Bank Trust Division Buys New Shares in Pentair plc (NYSE:PNR)

Moody National Bank Trust Division acquired a new position in shares of Pentair plc (NYSE:PNR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,825 shares of the industrial products company's stock, valued at approximately $989,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Inspire Advisors LLC boosted its holdings in Pentair by 1.6% in the 3rd quarter. Inspire Advisors LLC now owns 8,121 shares of the industrial products company's stock valued at $794,000 after purchasing an additional 130 shares in the last quarter. Quarry LP raised its stake in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after buying an additional 134 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Pentair by 5.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,923 shares of the industrial products company's stock worth $286,000 after buying an additional 158 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Pentair by 14.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,337 shares of the industrial products company's stock worth $131,000 after buying an additional 167 shares in the last quarter. Finally, Independent Advisor Alliance grew its holdings in shares of Pentair by 2.3% during the third quarter. Independent Advisor Alliance now owns 7,525 shares of the industrial products company's stock worth $736,000 after buying an additional 170 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were 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 of the company's stock, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PNR shares. Citigroup lowered their price objective on Pentair from $126.00 to $119.00 and set a "buy" rating for the company in a research report on Monday. TD Cowen increased their price objective on shares of Pentair from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. StockNews.com downgraded shares of Pentair from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Mizuho increased their price target on shares of Pentair from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus increased their target price on Pentair from $115.00 to $126.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $111.13.

Pentair Stock Performance

NYSE:PNR traded up $1.58 during trading hours on Tuesday, reaching $100.22. 994,638 shares of the stock were exchanged, compared to its average volume of 996,380. The firm has a 50 day simple moving average of $104.37 and a 200-day simple moving average of $94.25. Pentair plc has a 52 week low of $69.42 and a 52 week high of $110.71. The stock has a market capitalization of $16.56 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.91 and a beta of 1.21. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.02. The company had revenue of $993.40 million for the quarter, compared to the consensus estimate of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. As a group, sell-side analysts forecast that Pentair plc will post 4.28 earnings per share for the current fiscal year.

Pentair Increases Dividend

The company also recently announced 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 1.00%. Pentair's dividend 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.