Pentair plc (NYSE:PNR) Stake Boosted by Vest Financial LLC

Vest Financial LLC increased its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 587,814 shares of the industrial products company's stock after buying an additional 32,032 shares during the quarter. Pentair comprises approximately 1.1% of Vest Financial LLC's portfolio, making the stock its 13th biggest holding. Vest Financial LLC owned approximately 0.36% of Pentair worth $57,482,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new stake in shares of Pentair in the second quarter worth approximately $25,000. Crewe Advisors LLC boosted its holdings in shares of 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 stake in shares of Pentair during the 2nd quarter valued at $48,000. Blue Trust Inc. increased its holdings in shares of Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company's stock worth $51,000 after buying an additional 327 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in shares of Pentair in the 1st quarter worth $56,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Oppenheimer upped their price target on Pentair from $92.00 to $98.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 24th. Barclays lifted their price target on shares of Pentair from $96.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on shares of Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Pentair from $90.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group increased their price target on Pentair from $85.00 to $93.00 and gave the company a "neutral" rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Pentair presently has an average rating of "Moderate Buy" and an average target price of $95.93.

Pentair Stock Down 0.0 %

PNR stock traded down $0.02 during midday trading on Friday, hitting $99.04. 1,445,864 shares of the company's stock were exchanged, compared to its average volume of 1,555,261. The firm has a 50 day moving average price of $91.36 and a 200-day moving average price of $84.41. Pentair plc has a 12-month low of $57.18 and a 12-month high of $99.95. The stock has a market capitalization of $16.39 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.77 and a beta of 1.20. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.08. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business's revenue was up 1.6% compared to the same quarter last year. On average, analysts anticipate that Pentair plc will post 4.26 EPS for the current 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 paid a $0.23 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.93%. Pentair's dividend payout ratio (DPR) is 23.29%.

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.