Avior Wealth Management LLC Has $857,000 Holdings in Pentair plc (NYSE:PNR)

Avior Wealth Management LLC lessened its holdings in shares of Pentair plc (NYSE:PNR) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,511 shares of the industrial products company’s stock after selling 652 shares during the period. Avior Wealth Management LLC’s holdings in Pentair were worth $857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PNR. Quarry LP grew its position in shares of Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 134 shares in the last quarter. Blue Trust Inc. grew its position in shares of Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 327 shares in the last quarter. Eastern Bank grew its position in shares of Pentair by 144.9% during the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 300 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of Pentair during the 4th quarter worth approximately $56,000. Finally, True Wealth Design LLC boosted its position in shares of Pentair by 4,450.0% during the 3rd quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock worth $62,000 after acquiring an additional 623 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Buying and Selling

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction on Friday, November 1st. The shares were sold at an average price of $99.67, for a total value of $357,615.96. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

Pentair Price Performance

PNR stock opened at $103.02 on Friday. The company has a fifty day moving average price of $104.11 and a 200-day moving average price of $95.74. The company has a market capitalization of $17.02 billion, a P/E ratio of 25.75, a PEG ratio of 1.67 and a beta of 1.21. Pentair plc has a 52-week low of $70.98 and a 52-week high of $110.71. 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 (NYSE:PNR) last announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business had revenue of $993.40 million during the quarter, compared to the consensus estimate of $988.53 million. During the same quarter last year, the firm earned $0.94 earnings per share. Pentair’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts expect that Pentair plc will post 4.28 EPS for the current year.

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors 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 yield of 0.97%. The ex-dividend date is Friday, January 24th. This is an increase from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio (DPR) is currently 23.00%.

Analyst Upgrades and Downgrades

PNR has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group raised their target price on shares of Pentair from $93.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays raised their target price on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Stifel Nicolaus cut their target price on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday. Finally, UBS Group raised their target price on shares of Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $111.07.

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.