Pentair plc (NYSE:PNR) is Deroy & Devereaux Private Investment Counsel Inc.’s 9th Largest Position

Deroy & Devereaux Private Investment Counsel Inc. increased its position in shares of Pentair plc (NYSE:PNR) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 363,997 shares of the industrial products company’s stock after buying an additional 3,144 shares during the period. Pentair comprises approximately 2.0% of Deroy & Devereaux Private Investment Counsel Inc.’s holdings, making the stock its 9th largest holding. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.22% of Pentair worth $35,595,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC bought a new stake in shares of Pentair in the 2nd quarter valued at about $25,000. Crewe Advisors LLC raised its stake in Pentair by 376.1% in the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after buying an additional 267 shares in the last quarter. Family Firm Inc. purchased a new stake in Pentair during the second quarter worth $48,000. Blue Trust Inc. boosted its position in Pentair by 165.2% during the 3rd quarter. Blue Trust Inc. now owns 525 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 327 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in shares of Pentair in the 1st quarter valued at $56,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on PNR. UBS Group raised their price objective on Pentair from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada boosted their price objective on shares of Pentair from $101.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. TD Cowen increased their target price on shares of Pentair from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Pentair from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Pentair from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.80.

Pentair Trading Down 0.3 %

Pentair stock opened at $99.12 on Friday. The stock has a 50-day moving average price of $93.69 and a 200 day moving average price of $85.31. The company has a market capitalization of $16.38 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.77 and a beta of 1.20. Pentair plc has a 52 week low of $57.45 and a 52 week high of $101.00. The company has a quick ratio of 0.91, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02. The business had revenue of $993.40 million during the quarter, compared to analysts’ expectations of $988.53 million. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. Sell-side analysts anticipate that Pentair plc will post 4.28 EPS for the current year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, October 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.93%. Pentair’s payout ratio is currently 23.00%.

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.