Oak Family Advisors LLC Has $264,000 Holdings in Pentair plc (NYSE:PNR)

Oak Family Advisors LLC reduced its stake in shares of Pentair plc (NYSE:PNR) by 76.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,621 shares of the industrial products company’s stock after selling 8,331 shares during the quarter. Oak Family Advisors LLC’s holdings in Pentair were worth $264,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Harbour Investments Inc. boosted its stake in Pentair by 10.7% in the third quarter. Harbour Investments Inc. now owns 6,585 shares of the industrial products company’s stock valued at $644,000 after acquiring an additional 636 shares during the last quarter. Moody National Bank Trust Division bought a new stake in shares of Pentair in the fourth quarter worth $989,000. Algert Global LLC acquired a new position in Pentair during the third quarter valued at approximately $479,000. FMR LLC grew its position in shares of Pentair by 4.7% in the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after acquiring an additional 258,134 shares during the period. Finally, Pathstone Holdings LLC increased its position in Pentair by 47.4% during the third quarter. Pathstone Holdings LLC now owns 19,881 shares of the industrial products company’s stock worth $1,944,000 after buying an additional 6,391 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PNR. Stifel Nicolaus dropped their price target on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a report on Friday, January 24th. KeyCorp reaffirmed a “sector weight” rating and set a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. The Goldman Sachs Group raised their price objective on Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. 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 report on Wednesday, October 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price objective on shares of Pentair in a research report on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $111.07.

Pentair Stock Performance

NYSE PNR opened at $103.66 on Monday. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.65 and a beta of 1.20. The company has a 50-day simple moving average of $103.84 and a two-hundred day simple moving average of $96.80. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Pentair plc has a 12-month low of $72.03 and a 12-month high of $110.71.

Pentair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be paid a $0.25 dividend. This is a boost from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, January 24th. Pentair’s payout ratio is 25.00%.

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.