ORG Wealth Partners LLC Sells 3,243 Shares of Pentair plc (NYSE:PNR)

ORG Wealth Partners LLC lowered its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 43.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new position in shares of Pentair in the 4th quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Pentair in the 1st quarter valued at about $28,000. NBC Securities Inc. bought a new position in shares of Pentair in the 1st quarter valued at about $33,000. Colonial Trust Co SC boosted its stake in shares of Pentair by 230.8% in the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 240 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Pentair by 128.4% in the 1st quarter. Versant Capital Management Inc now owns 507 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Insider Buying and Selling at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of Pentair stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

PNR has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. raised shares of Pentair from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $90.00 to $113.00 in a research note on Friday, May 16th. Baird R W raised Pentair from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 25th. Robert W. Baird cut their price target on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group set a $95.00 price objective on shares of Pentair and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Pentair has an average rating of "Buy" and an average target price of $107.14.

Pentair Price Performance

PNR traded up $0.25 on Friday, hitting $97.19. 2,422,324 shares of the stock were exchanged, compared to its average volume of 1,489,691. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The business has a 50-day moving average of $94.27 and a two-hundred day moving average of $95.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 1.22. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 1.86 and a beta of 1.10.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.01 by $0.10. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. Pentair had a return on equity of 21.24% and a net margin of 15.87%. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Sell-side analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

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

Pentair Company 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.