Wealth Enhancement Advisory Services LLC Sells 8,657 Shares of Pentair plc (NYSE:PNR)

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 9.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 83,080 shares of the industrial products company's stock after selling 8,657 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.05% of Pentair worth $7,268,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in shares of Pentair during the fourth quarter worth $25,000. NBC Securities Inc. bought a new position in shares of Pentair during the first quarter valued at about $33,000. Colonial Trust Co SC lifted its position in shares of Pentair by 230.8% during the fourth 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 in the last quarter. Versant Capital Management Inc raised its position in Pentair by 128.4% in the first quarter. Versant Capital Management Inc now owns 507 shares of the industrial products company's stock worth $44,000 after acquiring an additional 285 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Pentair in the fourth quarter worth about $55,000. Institutional investors own 92.37% of the company's stock.

Insider Activity at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the company's stock in a transaction that occurred on 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 directly owns 26,313 shares in the company, valued at $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.45% of the stock is currently owned by company insiders.

Pentair Trading Up 1.7%

Shares of NYSE PNR opened at $101.30 on Wednesday. Pentair plc has a 1 year low of $72.63 and a 1 year high of $110.71. The stock has a market cap of $16.67 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10. The firm has a 50-day moving average of $94.99 and a 200 day moving average of $95.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 1.22.

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

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 0.99%. Pentair's dividend payout ratio (DPR) is 25.84%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Pentair from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada boosted their price target on shares of Pentair from $99.00 to $101.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Robert W. Baird lowered their price target on shares of Pentair from $114.00 to $107.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. UBS Group decreased their target price on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Mizuho set a $100.00 target price on shares of Pentair in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, thirteen have issued 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.