Annex Advisory Services LLC Has $540,000 Holdings in Pentair plc (NYSE:PNR)

Annex Advisory Services LLC boosted its stake in Pentair plc (NYSE:PNR) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,369 shares of the industrial products company’s stock after purchasing an additional 151 shares during the quarter. Annex Advisory Services LLC’s holdings in Pentair were worth $540,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PNR. American Century Companies Inc. increased its stake in Pentair by 16.0% in the second quarter. American Century Companies Inc. now owns 15,720 shares of the industrial products company’s stock valued at $1,205,000 after purchasing an additional 2,164 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Pentair by 5.7% in the second quarter. Envestnet Asset Management Inc. now owns 279,206 shares of the industrial products company’s stock valued at $21,407,000 after purchasing an additional 14,937 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Pentair by 14.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 17,385 shares of the industrial products company’s stock valued at $1,330,000 after purchasing an additional 2,175 shares in the last quarter. XTX Topco Ltd increased its stake in Pentair by 72.3% in the second quarter. XTX Topco Ltd now owns 7,935 shares of the industrial products company’s stock valued at $608,000 after purchasing an additional 3,330 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Pentair by 129.9% in the second quarter. Intech Investment Management LLC now owns 42,372 shares of the industrial products company’s stock valued at $3,249,000 after purchasing an additional 23,945 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. StockNews.com downgraded shares of Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group boosted their target price on shares of Pentair from $93.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Oppenheimer boosted their target price on shares of Pentair from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price 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’s stock. According to data from MarketBeat, Pentair currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.13.

Pentair Stock Up 0.4 %

PNR opened at $102.98 on Tuesday. 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 has a market cap of $17.02 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.55 and a beta of 1.21. Pentair plc has a twelve month low of $69.56 and a twelve month high of $110.71. The company’s 50-day moving average price is $104.21 and its two-hundred day moving average price is $95.20.

Pentair (NYSE:PNR) last released its 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 for the quarter, compared to analysts’ expectations of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. As a group, equities analysts expect that Pentair plc will post 4.28 earnings per share for the current year.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a dividend of $0.25 per share. 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 dividend yield of 0.97%. The ex-dividend date is Friday, January 24th. Pentair’s dividend payout ratio is presently 23.00%.

Insider Activity at Pentair

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares in the company, valued at approximately $1,916,853.44. This represents a 15.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.28% of the stock is currently owned by corporate insiders.

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.