Everence Capital Management Inc. Buys Shares of 4,250 Pentair plc (NYSE:PNR)

Everence Capital Management Inc. purchased a new stake in shares of Pentair plc (NYSE:PNR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,250 shares of the industrial products company’s stock, valued at approximately $428,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Pentair by 19.0% during the 4th quarter. GAMMA Investing LLC now owns 3,477 shares of the industrial products company’s stock worth $350,000 after acquiring an additional 554 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Pentair by 5.5% during the third quarter. Principal Financial Group Inc. now owns 219,061 shares of the industrial products company’s stock worth $21,422,000 after purchasing an additional 11,392 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Pentair by 3.5% during the 3rd quarter. Franklin Resources Inc. now owns 32,249 shares of the industrial products company’s stock valued at $3,187,000 after purchasing an additional 1,093 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Pentair by 35.1% in the 3rd quarter. Tidal Investments LLC now owns 14,430 shares of the industrial products company’s stock worth $1,411,000 after purchasing an additional 3,752 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Pentair during the 3rd quarter worth $117,000. 92.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Pentair from $106.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus upped their price target on shares of Pentair from $115.00 to $126.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. TD Cowen raised their price target on shares of Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Citigroup lifted their price target on Pentair from $113.00 to $126.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $109.38.

Pentair Stock Up 0.7 %

PNR stock opened at $101.06 on Monday. The firm’s fifty day moving average is $104.41 and its 200 day moving average is $93.34. The firm has a market cap of $16.70 billion, a PE ratio of 25.27, a P/E/G ratio of 1.91 and a beta of 1.21. Pentair plc has a one year low of $68.08 and a one year 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 quarterly 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. The firm had revenue of $993.40 million during 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 revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. On average, research analysts forecast that Pentair plc will post 4.28 EPS for the current year.

Pentair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 24th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. This is a boost from Pentair’s previous quarterly dividend of $0.23. Pentair’s dividend payout ratio (DPR) is currently 25.00%.

Insider Buying and Selling

In other news, EVP Philip M. Rolchigo sold 3,588 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the transaction, the executive vice president now owns 19,232 shares in the company, valued at $1,916,853.44. This trade represents a 15.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

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.