Pentair plc (NYSE:PNR) Shares Purchased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. raised its holdings in Pentair plc (NYSE:PNR) by 18,860.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 948 shares of the industrial products company’s stock after purchasing an additional 943 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Pentair were worth $95,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC increased its position in Pentair by 140.6% in the 4th quarter. SG Americas Securities LLC now owns 35,247 shares of the industrial products company’s stock valued at $3,547,000 after acquiring an additional 20,597 shares during the period. Dakota Wealth Management grew its stake in shares of Pentair by 7.6% in the 4th quarter. Dakota Wealth Management now owns 188,857 shares of the industrial products company’s stock valued at $19,007,000 after purchasing an additional 13,283 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Pentair by 0.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 59,733 shares of the industrial products company’s stock valued at $6,012,000 after purchasing an additional 399 shares during the period. Atomi Financial Group Inc. raised its stake in shares of Pentair by 6.9% during the fourth quarter. Atomi Financial Group Inc. now owns 3,837 shares of the industrial products company’s stock worth $386,000 after purchasing an additional 249 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Pentair by 150.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 20,098 shares of the industrial products company’s stock worth $2,023,000 after purchasing an additional 12,069 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Pentair Trading Down 0.4 %

NYSE:PNR opened at $104.23 on Friday. Pentair plc has a 52-week low of $70.59 and a 52-week high of $110.71. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $104.17 and a 200-day simple moving average of $95.54. The company has a market capitalization of $17.22 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.68 and a beta of 1.21.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The firm had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. During the same period last year, the firm posted $0.94 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities research analysts expect that Pentair plc will post 4.28 earnings per share for the current fiscal year.

Pentair Increases Dividend

The firm also recently disclosed 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 represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, January 24th. Pentair’s dividend payout ratio (DPR) is 23.00%.

Analysts Set New Price Targets

Several brokerages have issued reports on PNR. The Goldman Sachs Group boosted their price objective on shares of Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. TD Cowen boosted their price target on shares of Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Mizuho raised their price objective on shares of Pentair from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Barclays boosted their target price on Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Citigroup reduced their price target on Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a report on Monday, January 13th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Pentair currently has a consensus rating of “Moderate Buy” and an average target price of $111.13.

Insider Buying and Selling

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 19,232 shares of the company’s stock, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Pentair 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.