Pentair PLC. (PNR) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in Pentair PLC. (NYSE:PNR) by 4.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 133,641 shares of the industrial products company’s stock after selling 5,785 shares during the period. Sei Investments Co. owned about 0.07% of Pentair PLC. worth $8,892,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. First Manhattan Co. boosted its position in Pentair PLC. by 7.5% in the first quarter. First Manhattan Co. now owns 84,336 shares of the industrial products company’s stock worth $5,417,000 after buying an additional 5,901 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Pentair PLC. by 6.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,604 shares of the industrial products company’s stock worth $270,000 after buying an additional 273 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Pentair PLC. by 16.6% in the first quarter. Nationwide Fund Advisors now owns 53,028 shares of the industrial products company’s stock worth $3,329,000 after buying an additional 7,563 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Pentair PLC. by 2.0% in the first quarter. Retirement Systems of Alabama now owns 80,822 shares of the industrial products company’s stock worth $5,074,000 after buying an additional 1,573 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of Pentair PLC. during the first quarter worth about $207,000. 86.77% of the stock is owned by institutional investors.

Shares of Pentair PLC. (PNR) opened at 61.57 on Friday. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.03. The stock has a 50 day moving average price of $64.69 and a 200 day moving average price of $63.18. The firm has a market cap of $11.17 billion, a PE ratio of 18.12 and a beta of 1.38.

Pentair PLC. (NYSE:PNR) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate 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 quarter in the previous year, the business earned $1.11 earnings per share. Equities analysts expect that Pentair PLC. will post $3.51 earnings per share for the current year.

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A number of equities analysts have issued reports on the company. BMO Capital Markets upped their target price on Pentair PLC. from $61.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, May 24th. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Stifel Nicolaus upped their target price on Pentair PLC. from $63.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Gabelli cut Pentair PLC. from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, BidaskClub cut Pentair PLC. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Three equities 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 stock. The stock currently has an average rating of “Hold” and an average target price of $66.86.

In other Pentair PLC. news, Director Edward P. Garden purchased 290,000 shares of Pentair PLC. stock in a transaction that occurred on Monday, May 15th. The shares were bought at an average price of $65.31 per share, for a total transaction of $18,939,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Trian Fund Management, L.P. purchased 863,000 shares of Pentair PLC. stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average price of $65.25 per share, for a total transaction of $56,310,750.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,726,000 shares of company stock worth $112,619,140 and sold 237,500 shares worth $15,706,725. 9.90% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for Pentair PLC. (NYSE:PNR)

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