Pentair plc (NYSE:PNR) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its position in shares of Pentair plc (NYSE:PNRFree Report) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 220,672 shares of the industrial products company’s stock after selling 15,925 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.13% of Pentair worth $21,579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avantax Advisory Services Inc. acquired a new stake in shares of Pentair during the 1st quarter worth approximately $203,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Pentair by 64.0% in the first 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 position in 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 during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Pentair by 6.4% during 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 buying an additional 2,568 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Pentair during the first quarter worth approximately $232,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PNR has been the topic of a number of research analyst reports. KeyCorp boosted their price objective on shares of Pentair from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their price target on Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. TD Cowen boosted their target price on shares of Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Mizuho increased their price target on Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Pentair presently has an average rating of “Moderate Buy” and a consensus target price of $105.13.

Get Our Latest Stock Report on PNR

Insider Activity

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction that occurred on 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 directly owns 19,232 shares in the company, valued at approximately $1,916,853.44. The trade was a 15.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.28% of the company’s stock.

Pentair Stock Down 1.0 %

PNR stock opened at $104.76 on Wednesday. The business’s 50 day simple moving average is $98.44 and its 200 day simple moving average is $87.73. Pentair plc has a 1-year low of $62.04 and a 1-year high of $107.78. The firm has a market capitalization of $17.31 billion, a PE ratio of 26.19, a PEG ratio of 1.89 and a beta of 1.19. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNRGet Free Report) last announced its earnings results 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 net margin of 16.29% and a return on equity of 20.48%. The company had revenue of $993.40 million for the quarter, compared to analysts’ expectations of $988.53 million. During the same period last year, the firm earned $0.94 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, research analysts anticipate that Pentair plc will post 4.28 EPS for the current year.

Pentair Dividend Announcement

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

About Pentair

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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