Transamerica Financial Advisors Inc. Raises Stake in Pentair plc (NYSE:PNR)

Transamerica Financial Advisors Inc. raised its stake in Pentair plc (NYSE:PNR) by 2,415.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,484 shares of the industrial products company’s stock after acquiring an additional 1,425 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Pentair were worth $146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Pentair in the second quarter valued at approximately $25,000. Crewe Advisors LLC lifted its position in Pentair by 376.1% in the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 267 shares during the last quarter. Blue Trust Inc. lifted its position in Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 327 shares during the last quarter. Family Firm Inc. bought a new stake in Pentair in the second quarter valued at approximately $48,000. Finally, LRI Investments LLC bought a new stake in Pentair in the first quarter valued at approximately $58,000. Institutional investors own 92.37% of the company’s stock.

Pentair Trading Down 0.1 %

NYSE PNR opened at $108.96 on Thursday. Pentair plc has a 12 month low of $63.09 and a 12 month high of $110.71. The stock has a market cap of $18.00 billion, a P/E ratio of 27.24, a P/E/G ratio of 1.92 and a beta of 1.19. The stock’s fifty day moving average price is $99.99 and its 200-day moving average price is $88.57. The company has a current ratio of 1.60, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Pentair had a return on equity of 20.48% and a net margin of 16.29%. The firm had revenue of $993.40 million for the quarter, compared to analysts’ expectations of $988.53 million. During the same period in the prior year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts forecast that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.84%. Pentair’s dividend payout ratio is currently 23.00%.

Insider Transactions at Pentair

In related news, EVP Philip M. Rolchigo sold 3,588 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $99.67, for a total transaction of $357,615.96. Following the sale, the executive vice president now directly owns 19,232 shares of the company’s stock, 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 filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on PNR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $115.00 price objective on shares of Pentair in a research report on Thursday, November 21st. Oppenheimer upped their target price on Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. KeyCorp upped their target price on Pentair from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. StockNews.com downgraded Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, TD Cowen upped their target price on Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.38.

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.