Crossmark Global Holdings Inc. Buys 12,069 Shares of Pentair plc (NYSE:PNR)

Crossmark Global Holdings Inc. increased its stake in shares of Pentair plc (NYSE:PNR) by 150.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,098 shares of the industrial products company’s stock after buying an additional 12,069 shares during the period. Crossmark Global Holdings Inc.’s holdings in Pentair were worth $2,023,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PNR. Quarry LP boosted its holdings in Pentair by 105.5% in the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares during the period. Blue Trust Inc. boosted its holdings in Pentair by 165.2% in the 3rd 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 period. Eastern Bank boosted its holdings in Pentair by 144.9% in the 4th quarter. Eastern Bank now owns 507 shares of the industrial products company’s stock valued at $51,000 after purchasing an additional 300 shares during the period. Friedenthal Financial bought a new stake in Pentair in the 4th quarter valued at about $56,000. Finally, True Wealth Design LLC boosted its holdings in Pentair by 4,450.0% in the 3rd quarter. True Wealth Design LLC now owns 637 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 623 shares during the period. Institutional investors own 92.37% of the company’s stock.

Pentair Price Performance

PNR stock opened at $104.23 on Friday. The company has a 50 day simple moving average of $104.17 and a 200 day simple moving average of $95.54. The stock has a market cap of $17.22 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 1.68 and a beta of 1.21. Pentair plc has a 1 year low of $70.59 and a 1 year high of $110.71. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. During the same period in the prior year, the company earned $0.94 EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts anticipate that Pentair plc will post 4.28 EPS for the current fiscal year.

Pentair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 24th will be given a $0.25 dividend. This is a boost from Pentair’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, January 24th. Pentair’s dividend payout ratio is 23.00%.

Insider Buying and Selling at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were 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 in the company, valued at approximately $1,916,853.44. This represents a 15.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PNR. Citigroup cut their price objective on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a report on Monday, January 13th. Mizuho upped their price target on shares of Pentair from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Wolfe Research initiated coverage on shares of Pentair in a report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price target for the company. Stifel Nicolaus upped their price target on shares of Pentair from $115.00 to $126.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Barclays upped their price target on shares of Pentair from $108.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.