Pentair Target of Unusually Large Options Trading (PNR)

Pentair PLC. (NYSE:PNR) was the target of some unusual options trading activity on Friday. Stock investors purchased 1,568 put options on the stock. This represents an increase of 1,723% compared to the typical volume of 86 put options.

Several brokerages recently issued reports on PNR. Zacks Investment Research upgraded shares of Pentair from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Tuesday, December 5th. BMO Capital Markets raised their target price on shares of Pentair from $78.00 to $79.00 and gave the company a “market perform” rating in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $67.00 target price on shares of Pentair in a research note on Wednesday, October 4th. UBS Group began coverage on shares of Pentair in a research note on Monday, January 22nd. They issued a “sell” rating for the company. Finally, TheStreet downgraded shares of Pentair from a “b” rating to a “c+” rating in a research note on Thursday, December 14th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Pentair presently has an average rating of “Hold” and an average price target of $71.27.

In related news, insider Karl R. Frykman sold 11,386 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $70.24, for a total value of $799,752.64. Following the completion of the sale, the insider now directly owns 36,476 shares in the company, valued at approximately $2,562,074.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William T. Monahan sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $70.27, for a total transaction of $702,700.00. Following the completion of the sale, the director now owns 50,656 shares of the company’s stock, valued at $3,559,597.12. The disclosure for this sale can be found here. Insiders sold a total of 214,824 shares of company stock valued at $14,603,044 over the last quarter. 9.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in PNR. Nationwide Fund Advisors raised its holdings in Pentair by 7.0% in the 2nd quarter. Nationwide Fund Advisors now owns 56,748 shares of the industrial products company’s stock valued at $3,776,000 after acquiring an additional 3,720 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of Pentair by 1.5% during the second quarter. Thrivent Financial For Lutherans now owns 6,319 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 92 shares during the period. ETRADE Capital Management LLC increased its holdings in shares of Pentair by 28.4% during the second quarter. ETRADE Capital Management LLC now owns 6,137 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 1,356 shares during the period. Suntrust Banks Inc. increased its holdings in shares of Pentair by 2.3% during the second quarter. Suntrust Banks Inc. now owns 6,548 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 147 shares during the period. Finally, Cibc World Markets Corp increased its holdings in shares of Pentair by 35.8% during the second quarter. Cibc World Markets Corp now owns 23,701 shares of the industrial products company’s stock worth $1,577,000 after purchasing an additional 6,246 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Pentair (NYSE:PNR) opened at $74.02 on Monday. The firm has a market cap of $13,320.00, a PE ratio of 35.25, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.30. Pentair has a fifty-two week low of $57.44 and a fifty-two week high of $74.84.

The business 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 $0.35 dividend. This is a boost from Pentair’s previous quarterly dividend of $0.35. This represents a $1.40 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, January 25th. Pentair’s dividend payout ratio is currently 66.67%.

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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.

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