Pentair plc $PNR Shares Sold by Strs Ohio

Strs Ohio decreased its stake in shares of Pentair plc (NYSE:PNR) by 27.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 194,911 shares of the industrial products company’s stock after selling 73,710 shares during the period. Strs Ohio’s holdings in Pentair were worth $21,588,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PNR. Richardson Financial Services Inc. increased its holdings in shares of Pentair by 64.9% during the 3rd quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock worth $28,000 after buying an additional 98 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Pentair by 105.4% during the second quarter. First Horizon Advisors Inc. now owns 345 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 177 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Pentair during the third quarter worth about $41,000. North Star Investment Management Corp. raised its holdings in shares of Pentair by 91.5% in the 2nd quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 193 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in shares of Pentair by 58.8% in the 3rd quarter. CoreCap Advisors LLC now owns 405 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Transactions at Pentair

In other Pentair news, CFO Robert P. Fishman sold 7,786 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $105.42, for a total transaction of $820,800.12. Following the completion of the sale, the chief financial officer owned 63,164 shares in the company, valued at $6,658,748.88. This trade represents a 10.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director T Michael Glenn sold 6,558 shares of Pentair stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $104.33, for a total value of $684,196.14. Following the sale, the director owned 31,192 shares in the company, valued at $3,254,261.36. This represents a 17.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Pentair Stock Performance

Shares of PNR stock opened at $107.65 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 0.82. The company’s fifty day moving average price is $104.70 and its two-hundred day moving average price is $106.59. The firm has a market capitalization of $17.62 billion, a P/E ratio of 27.32, a P/E/G ratio of 1.89 and a beta of 1.22. Pentair plc has a 12 month low of $74.25 and a 12 month high of $113.95.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. This is a positive change from Pentair’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, January 23rd. Pentair’s payout ratio is presently 27.41%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. UBS Group raised their target price on shares of Pentair from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $130.00 target price on shares of Pentair in a report on Wednesday, October 22nd. TD Cowen downgraded Pentair from a “buy” rating to a “market perform” rating in a report on Monday, January 5th. Finally, Citigroup cut their price objective on Pentair from $135.00 to $126.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pentair presently has an average rating of “Moderate Buy” and a consensus price target of $117.47.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.