First Affirmative Financial Network Has $297,000 Stock Holdings in Pentair plc (NYSE:PNR)

First Affirmative Financial Network cut its stake in shares of Pentair plc (NYSE:PNR) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,949 shares of the industrial products company’s stock after selling 134 shares during the period. First Affirmative Financial Network’s holdings in Pentair were worth $297,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PNR. National Bank of Canada FI raised its stake in Pentair by 862.2% in the third quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock valued at $43,212,000 after buying an additional 395,962 shares during the period. World Investment Advisors LLC bought a new stake in Pentair in the third quarter valued at approximately $26,748,000. State Street Corp raised its stake in Pentair by 3.1% in the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock valued at $856,257,000 after buying an additional 259,922 shares during the period. FMR LLC raised its stake in Pentair by 4.7% in the third quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after buying an additional 258,134 shares during the period. Finally, Swedbank AB raised its stake in Pentair by 17.9% in the third quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company’s stock valued at $132,141,000 after buying an additional 205,000 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Trading Up 1.8 %

Shares of PNR stock opened at $103.51 on Friday. The stock’s fifty day moving average price is $103.90 and its two-hundred day moving average price is $96.44. The company has a market cap of $17.10 billion, a PE ratio of 25.88, a P/E/G ratio of 1.62 and a beta of 1.21. Pentair plc has a fifty-two week low of $72.03 and a fifty-two 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend 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 25.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $115.00 target price on shares of Pentair in a research note on Thursday, November 21st. StockNews.com lowered Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Mizuho increased their target price on Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Wolfe Research assumed coverage on Pentair in a research note on Tuesday, November 26th. They set an “outperform” rating and a $125.00 target price on the stock. 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, the stock presently has an average rating of “Moderate Buy” and an average target price 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.