Daiwa Securities Group Inc. held its position in Pentair PLC. (NYSE:PNR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,030 shares of the industrial products company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Pentair PLC. were worth $335,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank increased its stake in shares of 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 during the period. FNY Partners Fund LP bought a new stake in shares of Pentair PLC. during the first quarter valued at approximately $125,000. First Personal Financial Services increased its stake 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 stake 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. Finally, Advisors Asset Management Inc. increased its stake 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. 86.77% of the stock is currently owned by institutional investors and hedge funds.
Pentair PLC. (NYSE:PNR) opened at 62.03 on Wednesday. Pentair PLC. has a 12-month low of $53.80 and a 12-month high of $69.03. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 18.26 and a beta of 1.38. The stock has a 50 day moving average price of $64.50 and a 200 day moving average price of $63.23.
Pentair PLC. (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.00. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business earned $1.11 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts expect that Pentair PLC. will post $3.51 EPS for the current year.
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PNR has been the subject of several analyst reports. BidaskClub downgraded Pentair PLC. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets reissued a “hold” rating and issued a $61.00 price objective on shares of Pentair PLC. in a research note on Wednesday, April 26th. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 price objective on shares of Pentair PLC. in a research note on Tuesday, June 6th. Zacks Investment Research raised Pentair PLC. from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research note on Tuesday, June 6th. Finally, KeyCorp raised Pentair PLC. from a “sector weight” rating to an “overweight” rating and set a $77.00 price objective for the company in a research note on Wednesday, May 17th. Three 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 stock. Pentair PLC. has an average rating of “Hold” and an average price target of $66.86.
In related news, insider Mark C. Borin sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $67.11, for a total value of $503,325.00. Following the completion of the transaction, the insider now directly owns 16,857 shares in the company, valued at approximately $1,131,273.27. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Randall J. Hogan sold 220,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $66.03, for a total transaction of $14,526,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 237,500 shares of company stock valued at $15,706,725. 9.90% of the stock is owned by company 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.
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