Pentair plc (NYSE:PNR) Shares Sold by ORG Wealth Partners LLC

ORG Wealth Partners LLC cut its position in Pentair plc (NYSE:PNR - Free Report) by 43.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,162 shares of the industrial products company's stock after selling 3,243 shares during the quarter. ORG Wealth Partners LLC's holdings in Pentair were worth $366,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in Pentair by 0.6% during the 4th quarter. Van ECK Associates Corp now owns 27,893 shares of the industrial products company's stock worth $2,807,000 after acquiring an additional 167 shares during the period. Sanctuary Advisors LLC lifted its position in Pentair by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company's stock worth $1,251,000 after acquiring an additional 161 shares during the period. CIBC Asset Management Inc lifted its position in Pentair by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 20,154 shares of the industrial products company's stock worth $2,028,000 after acquiring an additional 825 shares during the period. Atria Wealth Solutions Inc. lifted its position in Pentair by 91.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,150 shares of the industrial products company's stock worth $418,000 after acquiring an additional 1,986 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of Pentair by 33.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,112 shares of the industrial products company's stock worth $514,000 after buying an additional 1,269 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Price Performance

PNR stock opened at $96.83 on Thursday. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71. The stock's fifty day simple moving average is $93.65 and its 200-day simple moving average is $95.48. The company has a quick ratio of 1.22, a current ratio of 1.89 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.01 by $0.10. Pentair had a return on equity of 21.24% and a net margin of 15.87%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $988.38 million. During the same period last year, the company posted $0.94 earnings per share. Equities research analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, July 18th. Pentair's payout ratio is 25.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PNR shares. Baird R W raised Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Barclays increased their target price on Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. The Goldman Sachs Group set a $95.00 target price on Pentair and gave the stock a "neutral" rating in a research note on Tuesday, April 22nd. Mizuho set a $100.00 price objective on Pentair in a research note on Tuesday, April 22nd. Finally, Citigroup dropped their price objective on Pentair from $118.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $107.14.

Insider Transactions at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of Pentair stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the completion of the transaction, the director now directly owns 26,313 shares in the company, valued at $2,366,591.22. The trade was a 19.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% 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.

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