Rhumbline Advisers trimmed its position in shares of Pentair PLC. (NYSE:PNR) by 1.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,862 shares of the industrial products company’s stock after selling 3,135 shares during the quarter. Rhumbline Advisers owned 0.16% of Pentair PLC. worth $20,039,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Huntington National Bank raised its position in shares of Pentair PLC. by 126.8% during the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 843 shares during the period. Korea Investment CORP raised its position in shares of Pentair PLC. by 142.7% during the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 942 shares during the period. YorkBridge Wealth Partners LLC raised its position in shares of Pentair PLC. by 6.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 111 shares during the period. Krilogy Financial LLC raised its position in shares of Pentair PLC. by 121.2% during the second quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 1,250 shares during the period. Finally, Penserra Capital Management LLC raised its position in shares of Pentair PLC. by 13.0% during the second quarter. Penserra Capital Management LLC now owns 2,444 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 282 shares during the period. 85.21% of the stock is currently owned by institutional investors.
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In other Pentair PLC. news, Director William T. Monahan sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $70.27, for a total value of $702,700.00. Following the completion of the transaction, the director now owns 50,656 shares in the company, valued at approximately $3,559,597.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trian Fund Management, L.P. acquired 384,571 shares of Pentair PLC. stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $68.41 per share, with a total value of $26,308,502.11. Following the purchase, the director now directly owns 1,122 shares in the company, valued at $76,756.02. The disclosure for this purchase can be found here. Insiders sold a total of 210,247 shares of company stock valued at $14,266,336 in the last 90 days. Corporate insiders own 9.90% of the company’s stock.
Pentair PLC. (NYSE:PNR) opened at $69.16 on Tuesday. The stock has a market capitalization of $12,430.00, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.82 and a beta of 1.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.59 and a quick ratio of 1.05. Pentair PLC. has a 12 month low of $55.76 and a 12 month high of $71.65.
Pentair PLC. (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Pentair PLC. had a return on equity of 13.39% and a net margin of 12.50%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. equities research analysts expect that Pentair PLC. will post 3.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 3rd. Shareholders of record on Friday, October 20th were paid a $0.345 dividend. The ex-dividend date was Thursday, October 19th. This represents a $1.38 dividend on an annualized basis and a yield of 2.00%. Pentair PLC.’s dividend payout ratio (DPR) is presently 65.71%.
PNR has been the topic of a number of research reports. Bank of America Corporation reaffirmed a “sell” rating and set a $65.00 target price on shares of Pentair PLC. in a research report on Wednesday, July 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $70.00 target price (up from $69.00) on shares of Pentair PLC. in a research report on Wednesday, July 26th. Zacks Investment Research lowered Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub lowered Pentair PLC. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $70.00 target price on shares of Pentair PLC. in a research report on Wednesday, September 6th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.92.
About Pentair PLC.
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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