Thurston Springer Miller Herd & Titak Inc. Has $982,000 Position in Pentair plc (NYSE:PNR)

Thurston Springer Miller Herd & Titak Inc. boosted its position in Pentair plc (NYSE:PNR) by 72.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,754 shares of the industrial products company’s stock after purchasing an additional 4,085 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Pentair were worth $982,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Pentair in the second quarter worth $447,000. American Century Companies Inc. increased its stake in Pentair by 16.0% in the 2nd quarter. American Century Companies Inc. now owns 15,720 shares of the industrial products company’s stock valued at $1,205,000 after buying an additional 2,164 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Pentair by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 279,206 shares of the industrial products company’s stock worth $21,407,000 after buying an additional 14,937 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Pentair by 1,217.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 975 shares of the industrial products company’s stock worth $75,000 after buying an additional 901 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Pentair by 91.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,082,362 shares of the industrial products company’s stock valued at $159,655,000 after acquiring an additional 996,325 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

NYSE:PNR opened at $101.65 on Thursday. The stock has a 50 day simple moving average of $104.30 and a 200 day simple moving average of $94.46. The stock has a market cap of $16.80 billion, a P/E ratio of 25.41, a PEG ratio of 1.91 and a beta of 1.21. Pentair plc has a 1-year low of $69.42 and a 1-year high of $110.71. 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 announced its earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The company had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. Pentair’s quarterly revenue was down 1.5% on a year-over-year basis. Research analysts anticipate that Pentair plc will post 4.28 earnings per share for the current year.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, January 24th. Pentair’s payout ratio is presently 25.00%.

Insider Activity at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 19,232 shares of the company’s stock, valued at $1,916,853.44. The trade was a 15.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on PNR shares. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Pentair in a research report on Thursday, November 21st. Barclays increased their price objective on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. TD Cowen boosted their target price on shares of Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Wolfe Research initiated coverage on shares of Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.13.

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.