Pentair plc (NYSE:PNR) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 101.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,933 shares of the industrial products company's stock after purchasing an additional 6,024 shares during the period. Sanctuary Advisors LLC's holdings in Pentair were worth $1,276,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Harbour Investments Inc. lifted its stake in shares of Pentair by 10.7% in the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company's stock worth $644,000 after buying an additional 636 shares in the last quarter. Algert Global LLC purchased a new position in Pentair in the 3rd quarter worth approximately $479,000. FMR LLC boosted its holdings in shares of Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company's stock worth $557,860,000 after purchasing an additional 258,134 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Pentair by 47.4% in the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company's stock valued at $1,944,000 after purchasing an additional 6,391 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Pentair by 69.9% in the third quarter. Advisors Asset Management Inc. now owns 25,002 shares of the industrial products company's stock valued at $2,445,000 after purchasing an additional 10,284 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Insider Buying and Selling

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents 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 at this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on PNR shares. KeyCorp upped their target price on Pentair from $110.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Stifel Nicolaus raised their price objective on shares of Pentair from $115.00 to $126.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. UBS Group lifted their target price on shares of Pentair from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Citigroup raised their price target on shares of Pentair from $113.00 to $126.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Finally, Oppenheimer upped their price objective on Pentair from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $109.38.

Pentair Trading Up 1.0 %

NYSE:PNR traded up $0.97 on Friday, reaching $101.95. 2,850,052 shares of the company's stock were exchanged, compared to its average volume of 1,519,697. 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 plc has a 52-week low of $68.08 and a 52-week high of $110.71. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. The business has a fifty day moving average of $103.92 and a 200-day moving average of $91.58.

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

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be issued 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 0.98%. Pentair's dividend payout ratio (DPR) is 25.00%.

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.