Revisor Wealth Management LLC Grows Position in Pentair plc (NYSE:PNR)

Revisor Wealth Management LLC lifted its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 97.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,416 shares of the industrial products company's stock after purchasing an additional 3,658 shares during the quarter. Revisor Wealth Management LLC's holdings in Pentair were worth $649,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of Pentair during the 4th quarter worth approximately $55,000. Smartleaf Asset Management LLC raised its holdings in shares of Pentair by 55.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 809 shares of the industrial products company's stock worth $81,000 after buying an additional 287 shares in the last quarter. Norden Group LLC raised its holdings in shares of Pentair by 10.8% during the 4th quarter. Norden Group LLC now owns 2,565 shares of the industrial products company's stock worth $258,000 after buying an additional 251 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Pentair by 542.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,085 shares of the industrial products company's stock worth $109,000 after buying an additional 916 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Pentair by 69.6% in the 4th quarter. Assetmark Inc. now owns 2,237 shares of the industrial products company's stock worth $225,000 after purchasing an additional 918 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Insider Buying and Selling at Pentair

In related 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 transaction of $589,826.52. Following the transaction, the director owned 26,313 shares in the company, valued at approximately $2,366,591.22. This trade represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Pentair Stock Up 1.0%

Shares of PNR traded up $1.01 during trading hours on Thursday, hitting $106.87. The company had a trading volume of 1,008,548 shares, compared to its average volume of 1,465,731. The company has a market capitalization of $17.58 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09. The company has a current ratio of 1.89, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. Pentair plc has a one year low of $73.45 and a one year high of $110.71. The company's fifty day moving average price is $97.53 and its two-hundred day moving average price is $95.02.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share 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 business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.38 million. During the same quarter in the previous year, the business earned $0.94 EPS. As a group, equities analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. Pentair's dividend payout ratio (DPR) is presently 25.84%.

Analysts Set New Price Targets

A number of equities research analysts have commented on PNR shares. Citigroup reduced their price target on Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank Of Canada increased their price target on Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. JPMorgan Chase & Co. upgraded Pentair from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $90.00 to $113.00 in a report on Friday, May 16th. Barclays raised their target price on Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Finally, Robert W. Baird dropped their price target on Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $107.14.

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.