Wealth Enhancement Advisory Services LLC Boosts Holdings in Pentair plc (NYSE:PNR)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,737 shares of the industrial products company's stock after buying an additional 6,504 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Pentair worth $9,232,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Independent Advisor Alliance increased its stake in Pentair by 1.4% during the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock worth $768,000 after buying an additional 103 shares during the period. Farther Finance Advisors LLC increased its stake in Pentair by 11.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock worth $120,000 after buying an additional 118 shares during the period. Richardson Financial Services Inc. increased its stake in Pentair by 16.1% during the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock worth $92,000 after buying an additional 127 shares during the period. Sanctuary Advisors LLC increased its stake 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 buying an additional 161 shares during the period. Finally, Van ECK Associates Corp grew its holdings 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 in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Stock Performance

Shares of PNR stock traded down $0.13 during mid-day trading on Thursday, hitting $99.70. The stock had a trading volume of 996,912 shares, compared to its average volume of 1,500,186. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The firm has a market cap of $16.40 billion, a PE ratio of 26.66, a PEG ratio of 1.87 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.92. The company's 50-day simple moving average is $90.66 and its 200-day simple moving average is $96.05.

Pentair (NYSE:PNR - Get Free Report) last released 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 net margin of 15.32% and a return on equity of 20.94%. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $988.38 million. During the same quarter last year, the business earned $0.94 EPS. Sell-side analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

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

Insider Activity

In other news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction dated Monday, April 28th. The shares were 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 owns 26,313 shares in the company, valued at $2,366,591.22. This trade represents a 19.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PNR shares. The Goldman Sachs Group set a $95.00 target price on shares of Pentair and gave the company a "neutral" rating in a report on Tuesday, April 22nd. Barclays upped their target price on shares of Pentair from $110.00 to $111.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Baird R W upgraded shares of Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. JPMorgan Chase & Co. upgraded shares of Pentair from a "neutral" rating to an "overweight" rating and upped their target price for the company from $90.00 to $113.00 in a report on Friday, May 16th. Finally, Wall Street Zen upgraded shares of Pentair from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $107.14.

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.