Aurora Investment Counsel Sells 2,775 Shares of Pentair plc (NYSE:PNR)

Aurora Investment Counsel trimmed its stake in Pentair plc (NYSE:PNR) by 15.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,761 shares of the industrial products company’s stock after selling 2,775 shares during the quarter. Aurora Investment Counsel’s holdings in Pentair were worth $1,208,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in Pentair in the second quarter valued at approximately $25,000. Crewe Advisors LLC lifted its position in shares of Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after buying an additional 267 shares during the last quarter. Family Firm Inc. bought a new position in shares of Pentair during the 2nd quarter worth $48,000. LRI Investments LLC purchased a new stake in Pentair in the 1st quarter worth about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Pentair in the 2nd quarter valued at about $67,000. 92.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group boosted their target price on shares of Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Royal Bank of Canada raised their price target on Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. KeyCorp boosted their price objective on Pentair from $92.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Oppenheimer raised their target price on Pentair from $92.00 to $98.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.87.

Pentair Price Performance

PNR stock opened at $97.78 on Tuesday. The firm has a 50 day simple moving average of $87.97 and a two-hundred day simple moving average of $83.04. The stock has a market cap of $16.18 billion, a PE ratio of 26.01, a P/E/G ratio of 1.74 and a beta of 1.20. Pentair plc has a one year low of $57.18 and a one year high of $98.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.65 and a quick ratio of 0.96.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Pentair plc will post 4.25 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Friday, October 18th. Pentair’s payout ratio is currently 24.47%.

Pentair Company 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.