Hanson & Doremus Investment Management held its stake in Pentair PLC. (NYSE:PNR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,385 shares of the industrial products company’s stock at the end of the second quarter. Hanson & Doremus Investment Management’s holdings in Pentair PLC. were worth $225,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of PNR. Huntington National Bank boosted its stake in Pentair PLC. by 126.8% in the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after buying an additional 843 shares in the last quarter. FNY Partners Fund LP bought a new position in Pentair PLC. during the first quarter worth approximately $125,000. First Personal Financial Services boosted its position in 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 worth $126,000 after buying an additional 300 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in 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 worth $166,000 after buying an additional 157 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in 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 worth $176,000 after buying an additional 1,072 shares during the period. 86.77% of the stock is owned by institutional investors and hedge funds.
Shares of Pentair PLC. (NYSE PNR) traded up 0.08% during trading on Friday, reaching $61.57. The company’s stock had a trading volume of 558,034 shares. The firm has a market cap of $11.17 billion, a P/E ratio of 18.12 and a beta of 1.38. Pentair PLC. has a one year low of $53.80 and a one year high of $69.03. The stock’s 50 day moving average is $64.69 and its 200 day moving average is $63.18.
Pentair PLC. (NYSE:PNR) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share. On average, equities analysts forecast that Pentair PLC. will post $3.51 EPS for the current fiscal year.
A number of research analysts have recently commented on PNR shares. Jefferies Group LLC increased their target price on shares of Pentair PLC. from $58.00 to $59.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Zacks Investment Research cut shares of Pentair PLC. from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. TheStreet raised shares of Pentair PLC. from a “c+” rating to a “b” rating in a report on Monday, April 17th. Gabelli cut shares of Pentair PLC. from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $61.00 target price on shares of Pentair PLC. in a report on Thursday, June 1st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $66.86.
In other news, Director Edward P. Garden bought 290,000 shares of the stock in a transaction on Monday, May 15th. The shares were bought at an average price of $65.31 per share, with a total value of $18,939,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Trian Fund Management, L.P. bought 863,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $65.25 per share, for a total transaction of $56,310,750.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 1,726,000 shares of company stock worth $112,619,140 and have sold 237,500 shares worth $15,706,725. Corporate insiders own 9.90% of the company’s stock.
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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