Addison Capital Co Purchases 1,160 Shares of Pentair PLC. (PNR)

Addison Capital Co boosted its position in shares of Pentair PLC. (NYSE:PNR) by 12.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,203 shares of the industrial products company’s stock after purchasing an additional 1,160 shares during the quarter. Addison Capital Co’s holdings in Pentair were worth $721,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in PNR. Thrivent Financial For Lutherans increased its stake in shares of Pentair by 1.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 6,319 shares of the industrial products company’s stock valued at $420,000 after acquiring an additional 92 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of Pentair by 6.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after acquiring an additional 111 shares during the last quarter. Suntrust Banks Inc. increased its stake in shares of Pentair by 2.3% in the 2nd quarter. Suntrust Banks Inc. now owns 6,548 shares of the industrial products company’s stock valued at $433,000 after acquiring an additional 147 shares during the last quarter. Sentry Investment Management LLC increased its stake in shares of Pentair by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 13,656 shares of the industrial products company’s stock valued at $909,000 after acquiring an additional 148 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of Pentair by 6.3% in the 2nd quarter. Bank of Nova Scotia now owns 4,047 shares of the industrial products company’s stock valued at $269,000 after acquiring an additional 240 shares during the last quarter. 84.39% of the stock is owned by hedge funds and other institutional investors.

In other Pentair news, CFO John L. Stauch sold 2,392 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $70.30, for a total transaction of $168,157.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Karl R. Frykman sold 11,386 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $70.24, for a total value of $799,752.64. Following the sale, the insider now directly owns 36,476 shares of the company’s stock, valued at approximately $2,562,074.24. The disclosure for this sale can be found here. Insiders have sold a total of 214,824 shares of company stock valued at $14,603,044 in the last ninety days. Insiders own 9.90% of the company’s stock.

A number of analysts have recently commented on PNR shares. Seaport Global Securities reaffirmed a “buy” rating on shares of Pentair in a research note on Wednesday, October 25th. KeyCorp reaffirmed a “buy” rating and issued a $77.00 price target on shares of Pentair in a research note on Thursday, October 12th. Zacks Investment Research raised Pentair from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research note on Tuesday, October 10th. TheStreet cut Pentair from a “b” rating to a “c+” rating in a research note on Thursday, December 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $74.00 price target (up from $70.00) on shares of Pentair in a research note on Monday, October 2nd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Pentair currently has an average rating of “Hold” and a consensus price target of $70.91.

Pentair PLC. (NYSE:PNR) traded up $0.42 during midday trading on Friday, hitting $73.98. The stock had a trading volume of 774,349 shares, compared to its average volume of 869,008. The firm has a market cap of $13,360.00, a P/E ratio of 35.23, a PEG ratio of 1.74 and a beta of 1.41. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. Pentair PLC. has a 12 month low of $57.44 and a 12 month high of $74.84.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.93 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Pentair had a return on equity of 13.39% and a net margin of 12.50%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. equities analysts predict that Pentair PLC. will post 3.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be issued a dividend of $0.35 per share. This is an increase from Pentair’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, January 25th. This represents a $1.40 annualized dividend and a yield of 1.89%. Pentair’s dividend payout ratio (DPR) is currently 65.71%.

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About Pentair

Pentair, Inc (Pentair) is a focused diversified industrial manufacturing company. The Company operates in two segments: Water & Fluid Solutions and Technical Products. Water & Fluid Solutions is providing products and systems used worldwide in the movement, storage and treatment of water. Technical Products is engaged in the global enclosures and thermal management markets, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components and protect the people that use them.

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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