Waverly Advisors LLC Sells 4,119 Shares of Pentair plc (NYSE:PNR)

Waverly Advisors LLC trimmed its position in Pentair plc (NYSE:PNR - Free Report) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,670 shares of the industrial products company's stock after selling 4,119 shares during the period. Waverly Advisors LLC owned approximately 0.06% of Pentair worth $9,528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parvin Asset Management LLC bought a new stake in Pentair in the fourth quarter valued at approximately $25,000. SJS Investment Consulting Inc. grew its holdings in shares of Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company's stock valued at $34,000 after buying an additional 294 shares during the period. Colonial Trust Co SC increased its position 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 buying an additional 240 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Pentair during the 4th quarter worth $55,000. Finally, Intact Investment Management Inc. acquired a new stake in Pentair during the 4th quarter worth $60,000. Institutional investors own 92.37% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PNR. Northcoast Research upgraded Pentair from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. Baird R W raised shares of Pentair from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. upgraded shares of Pentair from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $90.00 to $113.00 in a report on Friday, May 16th. Robert W. Baird cut 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. Finally, Royal Bank of Canada boosted their target price on Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $107.14.

Pentair Stock Performance

Pentair stock traded down $0.86 during midday trading on Monday, reaching $96.79. 1,252,440 shares of the company's stock were exchanged, compared to its average volume of 1,515,297. The stock's 50-day simple moving average is $88.81 and its 200 day simple moving average is $96.31. The firm has a market cap of $15.92 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 1.87 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71.

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. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. During the same period in the previous year, the company posted $0.94 EPS. On average, analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

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

Insider Activity

In related news, Director David A. /Wi Jones sold 6,558 shares of Pentair stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the sale, the director now owns 26,313 shares of the company's stock, valued at approximately $2,366,591.22. The trade was a 19.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

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.