NGAM Advisors L.P. lowered its position in shares of Pentair PLC. (NYSE:PNR) by 5.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 153,107 shares of the industrial products company’s stock after selling 8,982 shares during the period. NGAM Advisors L.P. owned 0.08% of Pentair PLC. worth $10,188,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Mcrae Capital Management Inc. boosted its stake in Pentair PLC. by 10.3% in the first quarter. Mcrae Capital Management Inc. now owns 28,532 shares of the industrial products company’s stock worth $1,791,000 after buying an additional 2,665 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Pentair PLC. by 4.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,649 shares of the industrial products company’s stock worth $2,932,000 after buying an additional 2,100 shares in the last quarter. Addison Capital Co acquired a new stake in Pentair PLC. during the first quarter worth $540,000. UBS Asset Management Americas Inc. boosted its stake in Pentair PLC. by 5.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,197,607 shares of the industrial products company’s stock worth $67,149,000 after buying an additional 58,957 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Pentair PLC. by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 144,138 shares of the industrial products company’s stock worth $9,049,000 after buying an additional 4,398 shares in the last quarter. 86.77% of the stock is owned by hedge funds and other institutional investors.
Pentair PLC. (PNR) traded up 0.08% on Friday, reaching $61.57. The company’s stock had a trading volume of 558,034 shares. The company has a market cap of $11.17 billion, a P/E ratio of 18.12 and a beta of 1.38. The stock’s 50 day moving average price is $64.69 and its 200 day moving average price is $63.18. 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 results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.00. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business posted $1.11 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. Equities research analysts forecast that Pentair PLC. will post $3.51 earnings per share for the current year.
PNR has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $61.00 price target on shares of Pentair PLC. in a report on Thursday, June 1st. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub cut Pentair PLC. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Pentair PLC. in a report on Tuesday, June 6th. Finally, Stifel Nicolaus lifted their target price on Pentair PLC. from $63.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $66.86.
In related news, insider Trian Fund Management, L.P. acquired 863,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average price of $65.25 per share, with a total value of $56,310,750.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David A. /Wi Jones sold 10,000 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $67.68, for a total transaction of $676,800.00. Following the transaction, the director now directly owns 20,804 shares in the company, valued at approximately $1,408,014.72. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 1,726,000 shares of company stock valued at $112,619,140 and have sold 237,500 shares valued at $15,706,725. Company 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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