Gen Wealth Partners Inc Has $564,000 Position in Pentair plc (NYSE:PNR)

Gen Wealth Partners Inc lessened its holdings in Pentair plc (NYSE:PNR) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,608 shares of the industrial products company’s stock after selling 737 shares during the quarter. Gen Wealth Partners Inc’s holdings in Pentair were worth $564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Parvin Asset Management LLC acquired a new position in Pentair in the 4th quarter valued at approximately $25,000. SJS Investment Consulting Inc. lifted its holdings in Pentair by 753.8% in the 4th quarter. SJS Investment Consulting Inc. now owns 333 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 294 shares during the last quarter. Colonial Trust Co SC boosted its position in Pentair by 230.8% during the fourth quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 240 shares during the period. Eastern Bank grew its holdings in Pentair by 144.9% during the fourth 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 last quarter. Finally, Friedenthal Financial bought a new position in shares of Pentair in the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

PNR has been the topic of a number of research analyst reports. Robert W. Baird lowered their target price on shares of Pentair from $114.00 to $107.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Baird R W upgraded Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. The Goldman Sachs Group set a $95.00 target price on Pentair and gave the company a “neutral” rating in a research note on Tuesday, April 22nd. Mizuho set a $100.00 price target on Pentair in a research report on Tuesday, April 22nd. Finally, Northcoast Research raised Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $106.93.

Insiders Place Their Bets

In other news, Director David A. /Wi Jones sold 6,558 shares of the company’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $89.94, for a total value of $589,826.52. Following the sale, the director now owns 26,313 shares of the company’s stock, valued at approximately $2,366,591.22. This represents a 19.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Pentair Price Performance

NYSE:PNR opened at $93.52 on Friday. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.87 and a beta of 1.11. The company has a 50-day moving average of $86.52 and a 200-day moving average of $96.46. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. Pentair had a return on equity of 20.94% and a net margin of 15.32%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $988.38 million. During the same period in the previous year, the business earned $0.94 earnings per share. As a group, equities research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 1.07%. Pentair’s dividend payout ratio is currently 25.84%.

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.