Busey Bank Purchases 3,240 Shares of Pentair plc (NYSE:PNR)

Busey Bank lifted its position in Pentair plc (NYSE:PNR) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 162,569 shares of the industrial products company’s stock after purchasing an additional 3,240 shares during the quarter. Busey Bank owned about 0.10% of Pentair worth $16,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PNR. Inspire Advisors LLC increased its stake in Pentair by 1.6% in the 3rd quarter. Inspire Advisors LLC now owns 8,121 shares of the industrial products company’s stock worth $794,000 after acquiring an additional 130 shares during the last quarter. Quarry LP raised its stake in Pentair by 105.5% in the third quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares in the last quarter. Annex Advisory Services LLC lifted its position in Pentair by 2.9% during the fourth quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 151 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Pentair by 5.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,923 shares of the industrial products company’s stock worth $286,000 after buying an additional 158 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Pentair by 14.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,337 shares of the industrial products company’s stock valued at $131,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stifel Nicolaus reduced their target price on Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Mizuho boosted their target price on Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 price target on shares of Pentair in a research report on Thursday, November 21st. Finally, KeyCorp restated a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.07.

Pentair Trading Down 1.1 %

NYSE PNR opened at $101.63 on Thursday. The stock has a market cap of $16.79 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21. Pentair plc has a fifty-two week low of $71.40 and a fifty-two week high of $110.71. The stock has a 50 day simple moving average of $103.95 and a two-hundred day simple moving average of $96.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.60.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a $0.25 dividend. 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 yield of 0.98%. Pentair’s dividend payout ratio (DPR) is presently 23.00%.

Insider Activity at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. The trade was a 15.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

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.