Financial & Tax Architects LLC Sells 424 Shares of Pentair plc (NYSE:PNR)

Financial & Tax Architects LLC lessened its holdings in shares of Pentair plc (NYSE:PNR) by 6.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,089 shares of the industrial products company’s stock after selling 424 shares during the period. Financial & Tax Architects LLC’s holdings in Pentair were worth $613,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PNR. Interval Partners LP boosted its holdings in Pentair by 289.6% in the second quarter. Interval Partners LP now owns 956,117 shares of the industrial products company’s stock valued at $73,305,000 after acquiring an additional 710,703 shares during the last quarter. National Bank of Canada FI boosted its holdings in Pentair by 862.2% in the third quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock valued at $43,212,000 after acquiring an additional 395,962 shares during the last quarter. World Investment Advisors LLC bought a new position in Pentair in the third quarter valued at about $26,748,000. State Street Corp boosted its holdings in Pentair by 3.1% in the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock valued at $856,257,000 after acquiring an additional 259,922 shares during the last quarter. Finally, FMR LLC boosted its holdings in Pentair by 4.7% in the third 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 last quarter. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

PNR has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus increased their target price on Pentair from $115.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wolfe Research initiated coverage on Pentair in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Barclays increased their target price on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.13.

Pentair Stock Up 0.4 %

Shares of NYSE:PNR traded up $0.40 during mid-day trading on Friday, reaching $102.98. 993,945 shares of the stock were exchanged, compared to its average volume of 905,260. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The stock’s 50 day simple moving average is $104.27 and its 200-day simple moving average is $94.72. The company has a market cap of $17.02 billion, a P/E ratio of 25.75, a P/E/G ratio of 1.55 and a beta of 1.21. Pentair plc has a one year low of $69.56 and a one year high of $110.71.

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

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 represents a $1.00 dividend on an annualized basis and a yield of 0.97%. This is an increase from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, January 24th. Pentair’s dividend payout ratio (DPR) is currently 23.00%.

Insider Buying and Selling at Pentair

In other 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 transaction of $357,615.96. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.28% of the company’s stock.

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.