Rowlandmiller & PARTNERS.ADV Sells 150 Shares of Pentair plc (NYSE:PNR)

Rowlandmiller & PARTNERS.ADV lowered its stake in shares of Pentair plc (NYSE:PNR) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,920 shares of the industrial products company’s stock after selling 150 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Pentair were worth $1,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Pentair during the 2nd quarter worth approximately $25,000. Crewe Advisors LLC raised its stake in Pentair by 376.1% in the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 267 shares during the period. Family Firm Inc. bought a new stake in Pentair in the 2nd quarter valued at $48,000. Blue Trust Inc. raised its stake in Pentair by 165.2% in the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 327 shares during the period. Finally, LRI Investments LLC bought a new stake in Pentair in the 1st quarter valued at $56,000. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PNR. KeyCorp increased their price target on Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen increased their price target on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada increased their price target on Pentair from $101.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com cut Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Stifel Nicolaus increased their price objective on Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $104.80.

Pentair Stock Performance

PNR opened at $99.39 on Friday. The firm has a market cap of $16.45 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.20. Pentair plc has a 52-week low of $57.18 and a 52-week high of $99.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 1.60. The business’s fifty day moving average is $92.53 and its 200-day moving average is $84.83.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. The company had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. Pentair had a return on equity of 20.48% and a net margin of 16.29%. Pentair’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. Sell-side analysts expect that Pentair plc will post 4.27 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 18th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, October 18th. Pentair’s dividend payout ratio (DPR) is presently 23.00%.

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.