Piscataqua Savings Bank Sells 146 Shares of Pentair plc (NYSE:PNR)

Piscataqua Savings Bank reduced its position in shares of Pentair plc (NYSE:PNR) by 1.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,392 shares of the industrial products company’s stock after selling 146 shares during the quarter. Pentair makes up about 1.2% of Piscataqua Savings Bank’s holdings, making the stock its 24th biggest holding. Piscataqua Savings Bank’s holdings in Pentair were worth $1,448,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PNR. State Street Corp raised its stake in shares of Pentair by 3.1% during the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock valued at $856,257,000 after acquiring an additional 259,922 shares during the last quarter. FMR LLC increased its holdings in Pentair by 4.7% during the 3rd quarter. FMR LLC now owns 5,704,672 shares of the industrial products company’s stock valued at $557,860,000 after purchasing an additional 258,134 shares during the period. Geode Capital Management LLC raised its position in Pentair by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,999,519 shares of the industrial products company’s stock valued at $389,800,000 after purchasing an additional 19,853 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Pentair by 11.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,489,715 shares of the industrial products company’s stock worth $143,823,000 after buying an additional 158,433 shares during the period. Finally, Swedbank AB grew its position in shares of Pentair by 17.9% in the 3rd quarter. Swedbank AB now owns 1,351,271 shares of the industrial products company’s stock worth $132,141,000 after buying an additional 205,000 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

Shares of Pentair stock opened at $103.02 on Monday. Pentair plc has a 1 year low of $70.98 and a 1 year high of $110.71. The firm’s 50-day moving average is $104.11 and its 200 day moving average is $96.02. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 1.67 and a beta of 1.21. 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.25 per share. This is a boost from Pentair’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. Pentair’s dividend payout ratio is presently 23.00%.

Insider Activity at Pentair

In other Pentair 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 in the company, valued at approximately $1,916,853.44. This trade represents a 15.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. KeyCorp restated a “sector weight” rating and set a $115.00 target price on shares of Pentair in a report on Monday, January 6th. TD Cowen upped their price objective on shares of Pentair from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Citigroup cut their target price on shares of Pentair from $126.00 to $119.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Stifel Nicolaus decreased their price target on shares of Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research note on Friday. Finally, Barclays lifted their price objective on Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pentair has an average rating of “Moderate Buy” and an average price target of $111.07.

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.