Pentair plc (NYSE:PNR) Holdings Trimmed by ORG Partners LLC

ORG Partners LLC decreased its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 73.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,275 shares of the industrial products company's stock after selling 6,200 shares during the quarter. ORG Partners LLC's holdings in Pentair were worth $223,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PNR. Opal Wealth Advisors LLC purchased a new position in shares of Pentair during the second quarter worth approximately $25,000. Crewe Advisors LLC raised its stake in Pentair by 376.1% in the 2nd 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. purchased a new position in shares of Pentair during the second quarter valued at approximately $48,000. LRI Investments LLC acquired a new position in Pentair in the 1st quarter valued at $56,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Pentair by 59.1% during the third quarter. Massmutual Trust Co. FSB ADV now owns 705 shares of the industrial products company's stock worth $69,000 after purchasing an additional 262 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Price Performance

NYSE:PNR opened at $98.49 on Wednesday. Pentair plc has a 52-week low of $57.18 and a 52-week high of $99.57. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51. The firm has a market cap of $16.35 billion, a P/E ratio of 26.19, a PEG ratio of 1.74 and a beta of 1.20. The business's 50-day moving average price is $90.39 and its 200 day moving average price is $84.09.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.14 by $0.08. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 earnings per share. As a group, sell-side analysts predict that Pentair plc will post 4.26 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. Pentair's dividend payout ratio (DPR) is 24.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Pentair from $100.00 to $101.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Barclays boosted their target price on shares of Pentair from $96.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada upped their price target on Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their price objective on shares of Pentair from $85.00 to $93.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 24th. Finally, Oppenheimer raised their target price on Pentair from $92.00 to $98.00 and gave the company an "outperform" rating in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Pentair has a consensus rating of "Moderate Buy" and an average price target of $94.33.

Pentair Company 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.