Captrust Financial Advisors Has $4.06 Million Stock Holdings in Pentair plc (NYSE:PNR)

Captrust Financial Advisors raised its stake in Pentair plc (NYSE:PNR) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,332 shares of the industrial products company’s stock after purchasing an additional 1,723 shares during the period. Captrust Financial Advisors’ holdings in Pentair were worth $4,059,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Independent Advisor Alliance increased its position in Pentair by 1.4% during the 4th quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company’s stock worth $768,000 after buying an additional 103 shares during the period. Farther Finance Advisors LLC raised its stake in Pentair by 11.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 118 shares in the last quarter. Richardson Financial Services Inc. boosted its holdings in Pentair by 16.1% in the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 127 shares during the period. Annex Advisory Services LLC boosted its holdings in Pentair by 2.9% in the 4th 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 period. Finally, Sanctuary Advisors LLC grew its position in shares of Pentair by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company’s stock worth $1,251,000 after purchasing an additional 161 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PNR shares. Barclays boosted their price target on Pentair from $110.00 to $111.00 and gave the company an “overweight” rating in a research note on Wednesday, April 23rd. Mizuho set a $100.00 price target on Pentair in a research report on Tuesday, April 22nd. Citigroup cut their price objective on shares of Pentair from $118.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada raised their target price on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Finally, Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Pentair currently has an average rating of “Moderate Buy” and a consensus target price of $106.93.

Insider Activity at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the business’s stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the transaction, the director now owns 26,313 shares of the company’s stock, valued at approximately $2,366,591.22. The trade was a 19.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by insiders.

Pentair Trading Down 0.0 %

Shares of PNR stock opened at $93.52 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $15.39 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.87 and a beta of 1.11. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. The stock’s fifty day simple moving average is $86.52 and its 200 day simple moving average is $96.46.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $988.38 million. During the same period in the prior year, the business posted $0.94 earnings per share. As a group, sell-side analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a $0.25 dividend. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. Pentair’s dividend payout ratio is currently 25.84%.

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.