Revisor Wealth Management LLC Increases Holdings in Pentair plc (NYSE:PNR)

Revisor Wealth Management LLC increased its stake in shares of Pentair plc (NYSE:PNR) by 97.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,416 shares of the industrial products company’s stock after purchasing an additional 3,658 shares during the period. Revisor Wealth Management LLC’s holdings in Pentair were worth $649,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PNR. Vanguard Group Inc. lifted its holdings in shares of Pentair by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company’s stock worth $2,034,575,000 after buying an additional 148,031 shares in the last quarter. FMR LLC increased its holdings in Pentair by 7.0% during the 4th quarter. FMR LLC now owns 6,101,253 shares of the industrial products company’s stock worth $614,030,000 after acquiring an additional 396,581 shares during the period. Geode Capital Management LLC increased its holdings in Pentair by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company’s stock worth $410,240,000 after acquiring an additional 87,244 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Pentair by 6.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,468,651 shares of the industrial products company’s stock worth $349,085,000 after purchasing an additional 217,867 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Pentair by 27.9% in the 4th quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company’s stock valued at $197,482,000 after purchasing an additional 428,184 shares during the period. Institutional investors own 92.37% of the company’s stock.

Pentair Trading Up 0.8%

PNR stock opened at $105.86 on Thursday. Pentair plc has a one year low of $73.45 and a one year high of $110.71. The company has a market capitalization of $17.42 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.03 and a beta of 1.09. The company’s 50 day moving average price is $97.53 and its two-hundred day moving average price is $95.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.89.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $988.38 million. Pentair had a net margin of 15.87% and a return on equity of 21.24%. During the same quarter last year, the company earned $0.94 EPS. As a group, analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, July 18th. Pentair’s dividend payout ratio is presently 25.84%.

Insider Transactions at Pentair

In other Pentair news, Director David A. /Wi Jones sold 6,558 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 26,313 shares in the company, valued at approximately $2,366,591.22. The trade was a 19.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on PNR. Stifel Nicolaus decreased their price target on shares of Pentair from $125.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Mizuho set a $100.00 target price on Pentair in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. upgraded Pentair from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $90.00 to $113.00 in a research note on Friday, May 16th. Robert W. Baird dropped their price target on Pentair from $114.00 to $107.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Finally, Barclays boosted their price objective on Pentair from $110.00 to $111.00 and gave the stock an “overweight” rating in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $107.14.

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.