Trian Fund Management, L.P. Purchases 384,571 Shares of Pentair PLC. (PNR) Stock

Pentair PLC. (NYSE:PNR) Director Trian Fund Management, L.P. purchased 384,571 shares of the business’s stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $68.41 per share, with a total value of $26,308,502.11. Following the purchase, the director now owns 1,122 shares in the company, valued at $76,756.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, November 27th, Trian Fund Management, L.P. bought 9,966 shares of Pentair stock. The shares were bought at an average price of $69.22 per share, for a total transaction of $689,846.52.
  • 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.

Pentair PLC. (NYSE PNR) traded down $0.61 on Wednesday, reaching $68.55. 736,900 shares of the company’s stock were exchanged, compared to its average volume of 984,468. Pentair PLC. has a 12-month low of $55.76 and a 12-month high of $71.76. The firm has a market cap of $12,559.28, a price-to-earnings ratio of 20.46, a PEG ratio of 1.84 and a beta of 1.41. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.30.

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

Several equities research analysts have recently issued reports on PNR shares. KeyCorp reaffirmed a “buy” rating and issued a $77.00 price target on shares of Pentair in a research report on Thursday, October 12th. Zacks Investment Research raised Pentair from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Friday, October 27th. Stifel Nicolaus reissued a “hold” rating and set a $76.00 target price (up from $75.00) on shares of Pentair in a research report on Wednesday, October 25th. Robert W. Baird raised their price target on shares of Pentair from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley restated an “equal weight” rating and set a $74.00 price target (up previously from $70.00) on shares of Pentair in a research note on Monday, October 2nd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Pentair presently has an average rating of “Hold” and an average price target of $70.67.

A number of hedge funds and other institutional investors have recently made changes to their positions in PNR. Huntington National Bank lifted its position in Pentair by 126.8% during the 2nd quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock worth $100,000 after buying an additional 843 shares in the last quarter. Tiedemann Wealth Management LLC raised its holdings in shares of Pentair by 25.8% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 10,182 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 2,091 shares during the period. Korea Investment CORP raised its holdings in shares of Pentair by 142.7% in the 2nd quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 942 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Pentair in the 3rd quarter valued at about $116,000. Finally, YorkBridge Wealth Partners LLC raised its holdings in shares of Pentair by 6.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 111 shares during the period. 84.56% of the stock is owned by hedge funds and other institutional investors.

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Pentair 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.

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

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