Compass Wealth Management LLC Sells 5,408 Shares of Pentair plc (NYSE:PNR)

Compass Wealth Management LLC lowered its stake in Pentair plc (NYSE:PNR) by 11.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 40,585 shares of the industrial products company’s stock after selling 5,408 shares during the quarter. Compass Wealth Management LLC’s holdings in Pentair were worth $3,969,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its position in Pentair by 5.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 185,155 shares of the industrial products company’s stock valued at $15,820,000 after purchasing an additional 8,966 shares during the last quarter. Cetera Investment Advisers lifted its position in Pentair by 222.8% in the first quarter. Cetera Investment Advisers now owns 50,653 shares of the industrial products company’s stock valued at $4,328,000 after purchasing an additional 34,959 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Pentair during the fourth quarter valued at approximately $834,000. Norden Group LLC purchased a new position in shares of Pentair during the first quarter valued at approximately $1,103,000. Finally, Swedbank AB increased its stake in shares of Pentair by 0.9% during the second quarter. Swedbank AB now owns 1,146,271 shares of the industrial products company’s stock valued at $87,885,000 after buying an additional 10,000 shares during the period. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Down 0.2 %

Shares of NYSE PNR traded down $0.24 during trading on Thursday, reaching $99.24. The company had a trading volume of 224,496 shares, compared to its average volume of 1,552,938. Pentair plc has a 12-month low of $57.18 and a 12-month high of $99.95. The stock has a market cap of $16.48 billion, a PE ratio of 26.46, a P/E/G ratio of 1.74 and a beta of 1.20. The business’s 50-day moving average is $90.75 and its 200 day moving average is $84.20. The company has a quick ratio of 0.96, a current ratio of 1.65 and a debt-to-equity ratio of 0.51.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. As a group, equities analysts forecast that Pentair plc will post 4.26 earnings per share for the current fiscal year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, October 18th. Pentair’s payout ratio is currently 24.47%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PNR. KeyCorp boosted their target price on Pentair from $97.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Mizuho boosted their target price on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday. Royal Bank of Canada boosted their target price on Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus upped their price target on Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Pentair has an average rating of “Moderate Buy” and an average target price of $95.93.

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.