Annex Advisory Services LLC Purchases 151 Shares of Pentair plc (NYSE:PNR)

Annex Advisory Services LLC increased its position in shares of Pentair plc (NYSE:PNR) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,369 shares of the industrial products company’s stock after acquiring an additional 151 shares during the period. Annex Advisory Services LLC’s holdings in Pentair were worth $540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Merit Financial Group LLC increased its holdings in Pentair by 179.0% during the 4th quarter. Merit Financial Group LLC now owns 7,393 shares of the industrial products company’s stock worth $744,000 after acquiring an additional 4,743 shares during the period. Ritholtz Wealth Management bought a new stake in Pentair during the 4th quarter worth approximately $211,000. Burney Co. increased its holdings in shares of Pentair by 6.9% in the 4th quarter. Burney Co. now owns 3,999 shares of the industrial products company’s stock worth $402,000 after buying an additional 258 shares during the last quarter. Clarus Wealth Advisors bought a new position in shares of Pentair in the 4th quarter worth $200,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Pentair by 72.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,754 shares of the industrial products company’s stock worth $982,000 after buying an additional 4,085 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Insider Activity

In related news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction 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 trade represents a 15.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PNR. Stifel Nicolaus increased their price target on shares of Pentair from $115.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Wolfe Research began coverage on shares of Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target on the stock. Barclays increased their price target on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. KeyCorp reissued a “sector weight” rating and issued a $115.00 price target on shares of Pentair in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Pentair currently has an average rating of “Moderate Buy” and an average price target of $111.13.

Pentair Trading Up 0.4 %

Shares of PNR opened at $102.98 on Tuesday. The firm’s 50-day moving average price is $104.21 and its 200-day moving average price is $95.20. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.55 and a beta of 1.21. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Pentair plc has a 1-year low of $69.56 and a 1-year high of $110.71.

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

Pentair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be paid a dividend of $0.25 per share. This is a positive change from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. Pentair’s payout ratio is presently 23.00%.

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.