Mn Services Vermogensbeheer B.V. increased its stake in shares of Pentair PLC. (NYSE:PNR) by 508.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,033 shares of the industrial products company’s stock after buying an additional 23,429 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Pentair PLC. were worth $1,865,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. FNY Partners Fund LP bought a new position in shares of Pentair PLC. during the first quarter valued at approximately $125,000. First Personal Financial Services increased its position in shares of Pentair PLC. by 17.6% in the first quarter. First Personal Financial Services now owns 2,006 shares of the industrial products company’s stock valued at $126,000 after buying an additional 300 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of Pentair PLC. by 6.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,641 shares of the industrial products company’s stock valued at $166,000 after buying an additional 157 shares during the period. Advisors Asset Management Inc. increased its position in shares of Pentair PLC. by 62.2% in the first quarter. Advisors Asset Management Inc. now owns 2,796 shares of the industrial products company’s stock valued at $176,000 after buying an additional 1,072 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Pentair PLC. by 1.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,037 shares of the industrial products company’s stock valued at $191,000 after buying an additional 50 shares during the period. Institutional investors own 86.37% of the company’s stock.
Pentair PLC. (NYSE PNR) opened at 64.77 on Friday. The company has a market capitalization of $11.80 billion, a PE ratio of 23.58 and a beta of 1.40. The company has a 50-day moving average price of $66.07 and a 200 day moving average price of $62.70. Pentair PLC. has a 12 month low of $53.80 and a 12 month high of $69.03.
Pentair PLC. (NYSE:PNR) last issued its quarterly earnings data on Tuesday, April 25th. The industrial products company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Pentair PLC. had a return on equity of 14.19% and a net margin of 9.46%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm posted $0.76 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts forecast that Pentair PLC. will post $3.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 21st will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, July 19th. Pentair PLC.’s dividend payout ratio is 50.37%.
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Several equities research analysts have recently issued reports on PNR shares. TheStreet upgraded shares of Pentair PLC. from a “c+” rating to a “b” rating in a research note on Monday, April 17th. Zacks Investment Research upgraded shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, May 29th. Royal Bank Of Canada restated a “buy” rating and issued a $77.00 price objective on shares of Pentair PLC. in a research note on Tuesday, June 6th. BMO Capital Markets restated a “hold” rating and issued a $61.00 price objective on shares of Pentair PLC. in a research note on Wednesday, April 26th. Finally, Jefferies Group LLC raised their price objective on shares of Pentair PLC. from $58.00 to $59.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Pentair PLC. currently has an average rating of “Hold” and an average target price of $66.85.
In other Pentair PLC. news, Director David A. /Wi Jones sold 10,000 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $67.68, for a total value of $676,800.00. Following the transaction, the director now directly owns 20,804 shares of the company’s stock, valued at approximately $1,408,014.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Randall J. Hogan sold 110,325 shares of the company’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $65.00, for a total value of $7,171,125.00. Following the completion of the transaction, the chairman now directly owns 198,111 shares in the company, valued at $12,877,215. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 1,726,000 shares of company stock worth $112,619,140 and sold 356,353 shares worth $23,432,170. Corporate insiders own 9.90% of the company’s stock.
Pentair PLC. Company Profile
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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