Pentair plc (NYSE:PNR) Shares Sold by Gen Wealth Partners Inc

Gen Wealth Partners Inc cut its stake in shares of Pentair plc (NYSE:PNR) by 11.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,608 shares of the industrial products company’s stock after selling 737 shares during the period. Gen Wealth Partners Inc’s holdings in Pentair were worth $564,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Franklin Resources Inc. boosted its stake in shares of Pentair by 3.5% in the third quarter. Franklin Resources Inc. now owns 32,249 shares of the industrial products company’s stock valued at $3,187,000 after purchasing an additional 1,093 shares during the period. Principal Financial Group Inc. boosted its position in Pentair by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 219,061 shares of the industrial products company’s stock valued at $21,422,000 after buying an additional 11,392 shares during the last quarter. ORG Partners LLC grew its stake in shares of Pentair by 46.9% during the fourth quarter. ORG Partners LLC now owns 3,343 shares of the industrial products company’s stock valued at $337,000 after acquiring an additional 1,068 shares in the last quarter. ORG Wealth Partners LLC increased its position in shares of Pentair by 4.0% during the fourth quarter. ORG Wealth Partners LLC now owns 7,405 shares of the industrial products company’s stock worth $745,000 after acquiring an additional 288 shares during the last quarter. Finally, Czech National Bank lifted its stake in shares of Pentair by 6.3% in the fourth quarter. Czech National Bank now owns 35,826 shares of the industrial products company’s stock worth $3,606,000 after acquiring an additional 2,113 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Price Performance

Shares of NYSE:PNR opened at $93.52 on Friday. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The stock’s 50 day moving average price is $86.52 and its 200 day moving average price is $96.46.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.01 by $0.10. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $988.38 million. During the same period in the previous year, the business earned $0.94 earnings per share. Equities research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. Pentair’s dividend payout ratio (DPR) is presently 25.84%.

Insider Transactions at Pentair

In related news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the transaction, the director now owns 26,313 shares in the company, valued at $2,366,591.22. This trade represents a 19.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on Pentair from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Mizuho set a $100.00 price target on shares of Pentair in a report on Tuesday, April 22nd. Citigroup reduced their price target on shares of Pentair from $118.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada boosted their price objective on Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Finally, Robert W. Baird dropped their target price on shares of Pentair from $114.00 to $107.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $106.93.

Pentair 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.