Pentair plc (NYSE:PNR) Shares Acquired by Colonial Trust Co SC

Colonial Trust Co SC lifted its position in Pentair plc (NYSE:PNR) by 230.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344 shares of the industrial products company’s stock after purchasing an additional 240 shares during the period. Colonial Trust Co SC’s holdings in Pentair were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division acquired a new position in shares of Pentair in the fourth quarter worth about $989,000. Smartleaf Asset Management LLC raised its holdings in Pentair by 55.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 287 shares during the period. Stratos Wealth Partners LTD. purchased a new position in Pentair during the fourth quarter worth approximately $289,000. Norges Bank acquired a new stake in Pentair in the fourth quarter valued at approximately $36,568,000. Finally, Park Avenue Securities LLC grew its holdings in Pentair by 22.2% in the fourth quarter. Park Avenue Securities LLC now owns 23,712 shares of the industrial products company’s stock valued at $2,386,000 after purchasing an additional 4,308 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the sale, the director now directly owns 26,313 shares of the company’s stock, valued at approximately $2,366,591.22. The trade was a 19.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Pentair Stock Down 0.0 %

NYSE PNR opened at $93.52 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The business’s fifty day simple moving average is $86.52 and its 200-day simple moving average is $96.45. The firm has a market cap of $15.39 billion, a PE ratio of 25.01, a P/E/G ratio of 1.87 and a beta of 1.11.

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

Pentair Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PNR shares. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Northcoast Research raised shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Royal Bank of Canada boosted their target price on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Stifel Nicolaus reduced their price target on shares of Pentair from $125.00 to $102.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Finally, Citigroup lowered their price objective on Pentair from $118.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.