Pentair PLC. (PNR) Shares Bought by AMP Capital Investors Ltd

AMP Capital Investors Ltd raised its stake in Pentair PLC. (NYSE:PNR) by 9.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,066 shares of the industrial products company’s stock after buying an additional 4,884 shares during the period. AMP Capital Investors Ltd’s holdings in Pentair were worth $3,811,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. purchased a new position in Pentair in the third quarter valued at about $116,000. YorkBridge Wealth Partners LLC increased its holdings in Pentair by 6.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after buying an additional 111 shares in the last quarter. Krilogy Financial LLC increased its holdings in Pentair by 121.2% in the second quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock valued at $152,000 after buying an additional 1,250 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Pentair by 13.0% in the second quarter. Penserra Capital Management LLC now owns 2,444 shares of the industrial products company’s stock valued at $162,000 after buying an additional 282 shares in the last quarter. Finally, King Luther Capital Management Corp purchased a new position in Pentair in the second quarter valued at about $205,000. 84.56% of the stock is owned by institutional investors.

In related news, Director Ronald Merriman sold 5,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $67.00, for a total transaction of $348,400.00. Following the sale, the director now owns 21,538 shares in the company, valued at $1,443,046. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Trian Fund Management, L.P. bought 9,966 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average price of $69.22 per share, for a total transaction of $689,846.52. Following the transaction, the director now owns 1,122 shares of the company’s stock, valued at approximately $77,664.84. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 217,632 shares of company stock worth $14,783,286. 9.90% of the stock is owned by company insiders.

A number of research analysts have issued reports on the stock. TheStreet cut shares of Pentair from a “b” rating to a “c+” rating in a report on Thursday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $67.00 target price on shares of Pentair in a report on Wednesday, October 4th. Seaport Global Securities reissued a “buy” rating on shares of Pentair in a research note on Wednesday, October 25th. Morgan Stanley reissued an “equal weight” rating and set a $74.00 price objective (up from $70.00) on shares of Pentair in a research note on Monday, October 2nd. Finally, Jefferies Group reissued a “hold” rating and set a $59.00 price objective on shares of Pentair in a research note on Thursday, September 21st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $70.67.

Pentair PLC. (NYSE PNR) opened at $68.17 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.59. Pentair PLC. has a 12 month low of $55.76 and a 12 month high of $71.76. The firm has a market cap of $12,379.47, a P/E ratio of 20.17, a PEG ratio of 1.81 and a beta of 1.41.

Pentair (NYSE:PNR) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.02. Pentair had a net margin of 12.50% and a return on equity of 13.39%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company posted $0.78 EPS. The company’s revenue was up 1.3% on a year-over-year basis. research analysts predict that Pentair PLC. will post 3.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Friday, January 26th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, January 25th. This represents a $1.40 dividend on an annualized basis and a yield of 2.05%. This is a positive change from Pentair’s previous quarterly dividend of $0.35. Pentair’s dividend payout ratio (DPR) is 41.82%.

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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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