Pentair PLC. (PNR) Director Trian Fund Management, L.P. Buys 9,966 Shares

Pentair PLC. (NYSE:PNR) Director Trian Fund Management, L.P. bought 9,966 shares of Pentair stock in a transaction dated Monday, November 27th. The stock was purchased at an average cost of $69.22 per share, with a total value of $689,846.52. Following the completion of the acquisition, the director now directly owns 1,122 shares in the company, valued at approximately $77,664.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Trian Fund Management, L.P. also recently made the following trade(s):

  • On Thursday, November 16th, Trian Fund Management, L.P. sold 183,661 shares of Pentair stock. The shares were sold at an average price of $67.60, for a total value of $12,415,483.60.
  • On Monday, November 20th, Trian Fund Management, L.P. purchased 384,571 shares of Pentair stock. The stock was bought at an average price of $68.41 per share, for a total transaction of $26,308,502.11.

Pentair PLC. (PNR) traded up $0.68 during mid-day trading on Wednesday, reaching $69.23. The company had a trading volume of 1,474,310 shares, compared to its average volume of 986,553. Pentair PLC. has a 12-month low of $55.76 and a 12-month high of $71.76. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The stock has a market cap of $12,559.28, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.84 and a beta of 1.41.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Pentair had a return on equity of 13.39% and a net margin of 12.50%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the company earned $0.78 EPS. Pentair’s revenue was up 1.3% on a year-over-year basis. analysts anticipate that Pentair PLC. will post 3.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Thursday, January 25th. This is a positive change from Pentair’s previous quarterly dividend of $0.35. Pentair’s dividend payout ratio is currently 41.82%.

Several equities analysts have issued reports on PNR shares. Zacks Investment Research upgraded Pentair from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Tuesday. Seaport Global Securities reiterated a “buy” rating on shares of Pentair in a research report on Wednesday, October 25th. BMO Capital Markets boosted their target price on Pentair from $78.00 to $79.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 25th. Robert W. Baird boosted their target price on Pentair from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $76.00 target price (up previously from $75.00) on shares of Pentair in a research report on Wednesday, October 25th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $70.67.

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Pentair by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 16,159,434 shares of the industrial products company’s stock worth $1,075,249,000 after purchasing an additional 392,842 shares during the period. Trian Fund Management L.P. grew its stake in shares of Pentair by 6.0% during the second quarter. Trian Fund Management L.P. now owns 15,200,931 shares of the industrial products company’s stock valued at $1,011,470,000 after acquiring an additional 862,769 shares in the last quarter. BlackRock Inc. grew its stake in shares of Pentair by 5.1% during the second quarter. BlackRock Inc. now owns 12,152,997 shares of the industrial products company’s stock valued at $808,662,000 after acquiring an additional 588,818 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Pentair by 0.5% during the third quarter. Wells Fargo & Company MN now owns 2,409,123 shares of the industrial products company’s stock valued at $163,724,000 after acquiring an additional 11,035 shares in the last quarter. Finally, Sound Shore Management Inc. CT grew its stake in shares of Pentair by 8.6% during the second quarter. Sound Shore Management Inc. CT now owns 2,303,860 shares of the industrial products company’s stock valued at $153,299,000 after acquiring an additional 183,299 shares in the last quarter. 84.56% of the stock is currently owned by institutional investors.

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About Pentair

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.

Insider Buying and Selling by Quarter for Pentair (NYSE:PNR)

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