Pentair plc (NYSE:PNR) Shares Sold by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC lowered its holdings in Pentair plc (NYSE:PNR) by 4.9% during the third quarter, Holdings Channel reports. The fund owned 3,131 shares of the industrial products company’s stock after selling 163 shares during the quarter. Guardian Wealth Advisors LLC’s holdings in Pentair were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PNR. Avantax Advisory Services Inc. purchased a new position in shares of Pentair during the 1st quarter valued at about $203,000. O Shaughnessy Asset Management LLC grew its stake in shares of Pentair by 64.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,262 shares of the industrial products company’s stock worth $620,000 after purchasing an additional 2,833 shares during the period. Bessemer Group Inc. grew its position in Pentair by 2,646.2% during the first quarter. Bessemer Group Inc. now owns 29,961 shares of the industrial products company’s stock valued at $2,559,000 after buying an additional 28,870 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Pentair by 6.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 42,568 shares of the industrial products company’s stock valued at $3,637,000 after buying an additional 2,568 shares during the period. Finally, MQS Management LLC purchased a new position in Pentair in the first quarter valued at $232,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Trading Down 0.0 %

Shares of PNR opened at $105.87 on Tuesday. Pentair plc has a 12-month low of $62.04 and a 12-month high of $107.78. The firm has a market capitalization of $17.49 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.89 and a beta of 1.19. The firm has a 50-day moving average price of $98.09 and a 200 day moving average price of $87.55. 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 posted its 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 company had revenue of $993.40 million for the quarter, compared to analyst estimates of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. Pentair’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. Sell-side analysts forecast that Pentair plc will post 4.28 EPS for the current year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, October 18th were given a $0.23 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.87%. Pentair’s dividend payout ratio is currently 23.00%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PNR shares. Stifel Nicolaus increased their target price on shares of Pentair from $101.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Barclays increased their price target on Pentair from $105.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group upped their target price on Pentair from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada lifted their price target on shares of Pentair from $101.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $105.13.

Insider Activity

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of Pentair stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $99.67, for a total transaction of $357,615.96. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.28% of the company’s stock.

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.