Duff & Phelps Investment Management Co. Cuts Stock Holdings in Pentair plc (NYSE:PNR)

Duff & Phelps Investment Management Co. lessened its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 13.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,212 shares of the industrial products company's stock after selling 48,507 shares during the period. Duff & Phelps Investment Management Co. owned about 0.19% of Pentair worth $30,238,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PNR. Crewe Advisors LLC grew its holdings in shares of Pentair by 376.1% in the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company's stock worth $26,000 after purchasing an additional 267 shares during the last quarter. Quarry LP grew its stake in Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after acquiring an additional 134 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Pentair during the second quarter worth approximately $48,000. Blue Trust Inc. increased its stake in shares of Pentair by 165.2% during the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company's stock valued at $51,000 after buying an additional 327 shares during the period. Finally, True Wealth Design LLC raised its holdings in shares of 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 in the last quarter. Institutional investors own 92.37% of the company's stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research firms have commented on PNR. Barclays raised their target price on shares of Pentair from $108.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday. StockNews.com lowered Pentair from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on Pentair from $106.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. KeyCorp upped their price objective on shares of Pentair from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $115.00 target price on shares of Pentair in a research report on Thursday, November 21st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $108.69.

Pentair Stock Performance

PNR stock traded up $0.14 during trading on Monday, hitting $108.25. 1,113,691 shares of the company traded hands, compared to its average volume of 1,525,225. Pentair plc has a 1 year low of $66.77 and a 1 year high of $110.71. The company has a market cap of $17.89 billion, a PE ratio of 27.06, a P/E/G ratio of 1.93 and a beta of 1.20. The stock's 50-day simple moving average is $102.04 and its 200 day simple moving average is $89.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91.

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

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.85%. Pentair's dividend payout ratio is presently 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.