Pentair plc. Ordinary Share (PNR) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board reduced its position in shares of Pentair plc. Ordinary Share (NYSE:PNR) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,614 shares of the industrial products company’s stock after selling 1,300 shares during the period. New Mexico Educational Retirement Board’s holdings in Pentair plc. Ordinary Share were worth $985,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. First Manhattan Co. raised its stake in shares of Pentair plc. Ordinary Share 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 last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Pentair plc. Ordinary Share 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 raised its stake in shares of Pentair plc. Ordinary Share 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 raised its stake in shares of Pentair plc. Ordinary Share 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 stake in shares of Pentair plc. Ordinary Share during the first quarter worth approximately $207,000. 86.77% of the stock is owned by institutional investors and hedge funds.

Shares of Pentair plc. Ordinary Share (NYSE PNR) opened at 62.51 on Tuesday. The firm’s 50-day moving average price is $64.60 and its 200-day moving average price is $63.22. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 18.40 and a beta of 1.38. Pentair plc. Ordinary Share has a one year low of $53.80 and a one year high of $69.03.

Pentair plc. Ordinary Share (NYSE:PNR) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.00. Pentair plc. Ordinary Share had a net margin of 12.86% and a return on equity of 13.17%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm earned $1.11 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts anticipate that Pentair plc. Ordinary Share will post $3.51 earnings per share for the current year.

A number of brokerages recently commented on PNR. Wolfe Research began coverage on Pentair plc. Ordinary Share in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Zacks Investment Research lowered Pentair plc. Ordinary Share from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 target price on shares of Pentair plc. Ordinary Share in a research report on Wednesday, July 12th. BMO Capital Markets boosted their target price on Pentair plc. Ordinary Share from $61.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, May 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 target price on shares of Pentair plc. Ordinary Share in a research report on Friday, July 14th. Three investment 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. Pentair plc. Ordinary Share currently has an average rating of “Hold” and a consensus target price of $66.86.

In other Pentair plc. Ordinary Share news, Director Edward P. Garden bought 398,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $65.13 per share, with a total value of $25,921,740.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Trian Fund Management, L.P. bought 863,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average cost of $65.25 per share, with a total value of $56,310,750.00. The disclosure for this purchase can be found here. Insiders have sold 237,500 shares of company stock valued at $15,706,725 in the last ninety days. Insiders own 9.90% of the company’s stock.

About Pentair plc. Ordinary Share

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.