Pentair plc (NYSE:PNR) Shares Sold by Field & Main Bank

Field & Main Bank decreased its position in Pentair plc (NYSE:PNR) by 51.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 355 shares of the industrial products company’s stock after selling 375 shares during the period. Field & Main Bank’s holdings in Pentair were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its holdings in shares of 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 acquiring an additional 8,966 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of 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 acquiring an additional 34,959 shares in the last quarter. Swedbank AB boosted its holdings in shares of Pentair by 0.9% in the second quarter. Swedbank AB now owns 1,146,271 shares of the industrial products company’s stock valued at $87,885,000 after acquiring an additional 10,000 shares in the last quarter. ORG Partners LLC bought a new position in shares of Pentair in the second quarter valued at approximately $631,000. Finally, Mizuho Markets Americas LLC boosted its holdings in shares of Pentair by 91.4% in the first quarter. Mizuho Markets Americas LLC now owns 145,540 shares of the industrial products company’s stock valued at $12,435,000 after acquiring an additional 69,517 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

NYSE:PNR opened at $104.35 on Friday. Pentair plc has a 1 year low of $60.15 and a 1 year high of $107.32. The firm’s fifty day simple moving average is $95.78 and its 200 day simple moving average is $86.40. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $17.24 billion, a PE ratio of 26.09, a PEG ratio of 1.83 and a beta of 1.19.

Pentair (NYSE:PNR) last posted 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. The business had revenue of $993.40 million for 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%. Pentair’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. On average, sell-side analysts anticipate that Pentair plc will post 4.28 EPS for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.92 annualized dividend and a yield of 0.88%. Pentair’s dividend payout ratio is 23.00%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Oppenheimer increased their target price on shares of Pentair from $98.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Mizuho increased their target price on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. UBS Group increased their target price on shares of Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. KeyCorp increased their target price on shares of Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.80.

Insider Transactions at Pentair

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the transaction, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

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.