Blackhawk Capital Partners LLC. Purchases 187 Shares of Pentair plc (NYSE:PNR)

Blackhawk Capital Partners LLC. grew its holdings in Pentair plc (NYSE:PNR) by 3.6% in the third quarter, HoldingsChannel reports. The fund owned 5,382 shares of the industrial products company’s stock after buying an additional 187 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Pentair were worth $526,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PNR. Avantax Advisory Services Inc. bought a new position in shares of Pentair during the first quarter worth approximately $203,000. O Shaughnessy Asset Management LLC lifted its position in shares of Pentair by 64.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,262 shares of the industrial products company’s stock valued at $620,000 after acquiring an additional 2,833 shares during the period. Bessemer Group Inc. grew its holdings in shares of Pentair by 2,646.2% during the 1st quarter. Bessemer Group Inc. now owns 29,961 shares of the industrial products company’s stock worth $2,559,000 after purchasing an additional 28,870 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Pentair by 6.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 42,568 shares of the industrial products company’s stock worth $3,637,000 after purchasing an additional 2,568 shares during the period. Finally, MQS Management LLC acquired a new position in Pentair in the first quarter valued at about $232,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction dated Friday, November 1st. The stock was 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 of the company’s stock, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Pentair Stock Down 0.6 %

Shares of NYSE:PNR opened at $104.17 on Thursday. The business has a fifty day simple moving average of $98.77 and a 200 day simple moving average of $87.85. Pentair plc has a 12-month low of $62.23 and a 12-month high of $107.78. The firm has a market cap of $17.21 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.87 and a beta of 1.19. 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 (NYSE:PNR) last issued its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The firm had revenue of $993.40 million for the quarter, compared to the consensus estimate of $988.53 million. During the same quarter in the previous year, the company earned $0.94 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts predict that Pentair plc will post 4.28 earnings per share for the current year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, October 18th. This represents a $0.92 annualized dividend and a yield of 0.88%. Pentair’s dividend payout ratio is currently 23.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PNR shares. Mizuho raised their target price on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Barclays boosted their price objective on shares of Pentair from $105.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group raised their target price on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada boosted their price target on Pentair from $101.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their price objective on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $105.13.

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.