TRUE Private Wealth Advisors Acquires New Stake in Pentair PLC. (PNR)

TRUE Private Wealth Advisors acquired a new stake in shares of Pentair PLC. (NYSE:PNR) during the fourth quarter, Holdings Channel reports. The firm acquired 4,372 shares of the industrial products company’s stock, valued at approximately $308,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its position in shares of Pentair by 76.7% during the fourth quarter. State of Alaska Department of Revenue now owns 26,290 shares of the industrial products company’s stock valued at $1,854,000 after purchasing an additional 11,412 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Pentair by 1.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 623,455 shares of the industrial products company’s stock valued at $44,029,000 after purchasing an additional 6,267 shares during the period. Bank of Montreal Can increased its position in shares of Pentair by 36.7% during the fourth quarter. Bank of Montreal Can now owns 85,307 shares of the industrial products company’s stock valued at $6,023,000 after purchasing an additional 22,918 shares during the period. Leavell Investment Management Inc. bought a new stake in shares of Pentair during the fourth quarter valued at approximately $207,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of Pentair by 3.3% during the third quarter. Parametric Portfolio Associates LLC now owns 313,725 shares of the industrial products company’s stock valued at $21,321,000 after purchasing an additional 9,946 shares during the period. Institutional investors and hedge funds own 84.39% of the company’s stock.

Shares of Pentair PLC. (PNR) opened at $73.98 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.59 and a quick ratio of 1.05. The company has a market capitalization of $13,358.31, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.75 and a beta of 1.41. Pentair PLC. has a one year low of $57.44 and a one year high of $74.84.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Pentair had a return on equity of 13.39% and a net margin of 12.50%. Pentair’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 EPS. equities analysts forecast that Pentair PLC. will post 3.53 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 26th will be paid a $0.35 dividend. This is a positive change from Pentair’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $1.40 annualized dividend and a yield of 1.89%. Pentair’s payout ratio is currently 41.82%.

PNR has been the topic of a number of research reports. Zacks Investment Research upgraded Pentair from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Friday, October 27th. Seaport Global Securities restated a “buy” rating on shares of Pentair in a research report on Wednesday, October 25th. KeyCorp restated a “buy” rating and set a $77.00 price objective on shares of Pentair in a research report on Thursday, October 12th. TheStreet cut Pentair from a “b” rating to a “c+” rating in a research report on Thursday, December 14th. Finally, Morgan Stanley restated an “equal weight” rating and set a $74.00 price objective (up from $70.00) on shares of Pentair in a research report on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Pentair currently has a consensus rating of “Hold” and an average price target of $70.91.

In related news, CFO John L. Stauch sold 2,392 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $70.30, for a total value of $168,157.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Trian Fund Management, L.P. sold 183,661 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $67.60, for a total value of $12,415,483.60. Following the completion of the sale, the director now directly owns 1,122 shares in the company, valued at approximately $75,847.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,824 shares of company stock worth $14,603,044. 9.90% of the stock is owned by insiders.

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Pentair Company Profile

Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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