Claro Advisors LLC Purchases Shares of 9,962 Pentair plc (NYSE:PNR)

Claro Advisors LLC acquired a new position in shares of Pentair plc (NYSE:PNR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,962 shares of the industrial products company’s stock, valued at approximately $974,000.

Several other institutional investors also recently modified their holdings of PNR. Opal Wealth Advisors LLC bought a new stake in Pentair during the second quarter valued at approximately $25,000. Crewe Advisors LLC lifted its holdings in shares of Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 267 shares during the last quarter. Family Firm Inc. purchased a new position in Pentair in the second quarter worth $48,000. LRI Investments LLC bought a new position in Pentair in the first quarter valued at $56,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Pentair during the second quarter valued at about $67,000. 92.37% of the stock is currently owned by institutional investors.

Pentair Stock Down 0.0 %

Shares of NYSE:PNR opened at $99.04 on Friday. The stock’s 50-day moving average is $91.36 and its 200 day moving average is $84.40. The company has a market cap of $16.39 billion, a PE ratio of 25.07, a P/E/G ratio of 1.77 and a beta of 1.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96. Pentair plc has a 1 year low of $57.18 and a 1 year high of $99.95.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Pentair plc will post 4.26 EPS for the current year.

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 18th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.93%. Pentair’s dividend payout ratio is 23.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PNR. Royal Bank of Canada upped their price objective on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. KeyCorp upped their target price on Pentair from $97.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. StockNews.com raised shares of Pentair from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Finally, Mizuho increased 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. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Pentair presently has an average rating of “Moderate Buy” and an average target price of $95.93.

About Pentair

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.