Nisa Investment Advisors LLC Grows Position in Pentair plc (NYSE:PNR)

Nisa Investment Advisors LLC raised its stake in shares of Pentair plc (NYSE:PNR) by 0.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 59,733 shares of the industrial products company’s stock after acquiring an additional 399 shares during the period. Nisa Investment Advisors LLC’s holdings in Pentair were worth $6,012,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quarry LP raised its stake in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after buying an additional 134 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after buying an additional 327 shares during the last quarter. Eastern Bank raised its position in Pentair by 144.9% in the fourth quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 300 shares during the period. Friedenthal Financial bought a new stake in shares of Pentair during the 4th quarter valued at $56,000. Finally, True Wealth Design LLC lifted its position in Pentair by 4,450.0% during the third quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 623 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PNR. KeyCorp reiterated a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Mizuho upped their price target on Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barclays raised their target price on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their price objective on Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.07.

Insider Buying and Selling

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the completion of the sale, the executive vice president now owns 19,232 shares in the company, valued at approximately $1,916,853.44. The trade was a 15.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Pentair Stock Performance

Shares of NYSE:PNR opened at $103.02 on Friday. The firm’s 50 day simple moving average is $104.11 and its 200-day simple moving average is $95.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60. Pentair plc has a one year low of $70.98 and a one year high of $110.71. The firm has a market cap of $17.02 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The company had revenue of $993.40 million for the quarter, compared to the consensus estimate of $988.53 million. During the same period last year, the business posted $0.94 EPS. Pentair’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts predict that Pentair plc will post 4.28 EPS for the current year.

Pentair Increases Dividend

The company also recently disclosed 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 an increase from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, January 24th. Pentair’s payout ratio is presently 23.00%.

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.