15,321 Shares in Pentair PLC. (PNR) Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP bought a new stake in Pentair PLC. (NYSE:PNR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,321 shares of the industrial products company’s stock, valued at approximately $1,019,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Keybank National Association OH boosted its holdings in Pentair PLC. by 0.6% in the first quarter. Keybank National Association OH now owns 4,329 shares of the industrial products company’s stock valued at $272,000 after purchasing an additional 24 shares during the period. Cleararc Capital Inc. boosted its holdings in Pentair PLC. by 0.7% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the industrial products company’s stock valued at $257,000 after purchasing an additional 28 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Pentair PLC. by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,456 shares of the industrial products company’s stock valued at $829,000 after purchasing an additional 53 shares during the period. CIBC Asset Management Inc boosted its holdings in Pentair PLC. by 0.3% in the second quarter. CIBC Asset Management Inc now owns 16,405 shares of the industrial products company’s stock valued at $1,092,000 after purchasing an additional 54 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Pentair PLC. by 1.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,439 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 62 shares during the period. Hedge funds and other institutional investors own 85.59% of the company’s stock.

A number of research firms recently issued reports on PNR. Wolfe Research began coverage on Pentair PLC. in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Pentair PLC. in a report on Wednesday, July 12th. BMO Capital Markets lifted their price target on Pentair PLC. from $61.00 to $70.00 and gave the stock a “market perform” rating in a report on Wednesday, May 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $68.00 price target on shares of Pentair PLC. in a report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. Pentair PLC. currently has an average rating of “Hold” and an average target price of $67.23.

Shares of Pentair PLC. (NYSE PNR) opened at 64.99 on Friday. The stock’s 50 day moving average price is $62.21 and its 200-day moving average price is $63.68. The firm has a market cap of $11.79 billion, a PE ratio of 19.13 and a beta of 1.40. Pentair PLC. has a 52-week low of $53.80 and a 52-week 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 EPS for the quarter, hitting the consensus estimate of $1.00. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company posted $1.11 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.

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Pentair PLC. 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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