Janney Montgomery Scott LLC Reduces Stake in Pentair plc (NYSE:PNR)

Janney Montgomery Scott LLC trimmed its position in shares of Pentair plc (NYSE:PNR) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 152,745 shares of the industrial products company’s stock after selling 2,698 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.09% of Pentair worth $14,937,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Pentair in the 2nd quarter valued at about $25,000. Crewe Advisors LLC increased its stake in shares of Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 267 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Pentair during the 2nd quarter worth approximately $48,000. Blue Trust Inc. grew its holdings in Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after buying an additional 327 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in Pentair during the first quarter worth $56,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Buying and Selling

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the completion of the transaction, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.28% of the stock is currently owned by insiders.

Pentair Stock Up 2.6 %

Shares of Pentair stock opened at $102.29 on Wednesday. Pentair plc has a twelve month low of $60.15 and a twelve month high of $102.35. The stock has a market cap of $16.90 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 1.75 and a beta of 1.19. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $94.81 and a 200 day moving average price of $85.93.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $993.40 million during the quarter, compared to analyst estimates of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 earnings per share. Equities research analysts forecast that Pentair plc will post 4.28 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, October 18th. Pentair’s payout ratio is 23.00%.

Analysts Set New Price Targets

PNR has been the topic of several recent research reports. The Goldman Sachs Group upped their price objective on Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Mizuho upped their price objective on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. UBS Group raised their price objective on Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Barclays raised their price target on Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $104.80.

Pentair 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.