Pentair plc (NYSE:PNR) Shares Sold by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. trimmed its position in Pentair plc (NYSE:PNR) by 37.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,963 shares of the industrial products company’s stock after selling 3,535 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Pentair were worth $509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in shares of Pentair by 82.4% in the fourth quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 154 shares during the period. Quent Capital LLC increased its holdings in Pentair by 112.7% in the 4th quarter. Quent Capital LLC now owns 402 shares of the industrial products company’s stock worth $29,000 after buying an additional 213 shares during the period. Rational Advisors LLC raised its position in Pentair by 200.0% during the 1st quarter. Rational Advisors LLC now owns 633 shares of the industrial products company’s stock worth $54,000 after buying an additional 422 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Pentair by 24.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 173 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Pentair during the 4th quarter valued at approximately $69,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jerome O. Pedretti sold 24,747 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the completion of the transaction, the chief executive officer now directly owns 38,538 shares in the company, valued at approximately $3,254,534.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.28% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BNP Paribas assumed coverage on shares of Pentair in a report on Tuesday, March 12th. They issued a “neutral” rating and a $86.00 price target on the stock. Citigroup upped their target price on Pentair from $85.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Barclays lifted their price target on Pentair from $92.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Royal Bank of Canada lowered their price objective on Pentair from $103.00 to $99.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Finally, Northcoast Research raised shares of Pentair from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Pentair has a consensus rating of “Moderate Buy” and an average target price of $90.71.

Pentair Price Performance

PNR traded down $0.35 during trading on Friday, reaching $74.39. The company’s stock had a trading volume of 1,407,816 shares, compared to its average volume of 1,559,637. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $79.78 and a two-hundred day simple moving average of $77.68. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.31 and a beta of 1.21. Pentair plc has a 1 year low of $57.18 and a 1 year high of $85.84.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Pentair had a return on equity of 20.16% and a net margin of 15.30%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, analysts anticipate that Pentair plc will post 4.22 EPS for the current year.

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 19th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, July 19th. Pentair’s dividend payout ratio is presently 24.47%.

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.