Compass Wealth Management LLC Sells 5,408 Shares of Pentair plc (NYSE:PNR)

Compass Wealth Management LLC lowered its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 11.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,585 shares of the industrial products company's stock after selling 5,408 shares during the quarter. Compass Wealth Management LLC's holdings in Pentair were worth $3,969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PNR. Opal Wealth Advisors LLC bought a new position in shares of Pentair during the 2nd quarter valued at $25,000. Crewe Advisors LLC grew 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 buying an additional 267 shares during the last quarter. Family Firm Inc. acquired a new position in Pentair in the 2nd quarter valued at $48,000. LRI Investments LLC acquired a new position in Pentair in the 1st quarter valued at $56,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Pentair in the 2nd quarter valued at $67,000. Institutional investors own 92.37% of the company's stock.

Wall Street Analysts Forecast Growth

PNR has been the topic of a number of research analyst reports. KeyCorp raised their target price on shares of Pentair from $97.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. StockNews.com upgraded shares of Pentair from a "hold" rating to a "buy" rating in a research note on Wednesday, July 24th. Oppenheimer raised their target price on shares of Pentair from $92.00 to $98.00 and gave the company an "outperform" rating in a research note on Wednesday, July 24th. Barclays raised their target price on shares of Pentair from $96.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Pentair from $85.00 to $93.00 and gave the company a "neutral" 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $95.93.

Pentair Price Performance

Shares of NYSE:PNR traded down $0.17 during midday trading on Thursday, reaching $99.31. 771,528 shares of the company's stock were exchanged, compared to its average volume of 1,555,806. The company's 50 day simple moving average is $91.07 and its two-hundred day simple moving average is $84.30. The firm has a market capitalization of $16.49 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 1.74 and a beta of 1.20. Pentair plc has a 12 month low of $57.18 and a 12 month high of $99.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.65.

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

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, October 18th. Pentair's dividend payout ratio is currently 24.47%.

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.