Rhumbline Advisers raised its stake in Pentair PLC. (NYSE:PNR) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 297,997 shares of the industrial products company’s stock after buying an additional 4,322 shares during the period. Rhumbline Advisers owned 0.16% of Pentair PLC. worth $19,829,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Huntington National Bank boosted its position 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 in the last quarter. Korea Investment CORP boosted its position in shares of Pentair PLC. by 142.7% in the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after buying an additional 942 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of Pentair PLC. during the first quarter valued at $125,000. First Personal Financial Services boosted its position 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 in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its position 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 in the last quarter. 86.77% of the stock is owned by institutional investors.
Shares of Pentair PLC. (NYSE:PNR) opened at 62.38 on Thursday. The firm has a market cap of $11.32 billion, a P/E ratio of 18.36 and a beta of 1.38. Pentair PLC. has a 12-month low of $53.80 and a 12-month high of $69.03. The stock’s 50 day moving average price is $64.42 and its 200-day moving average price is $63.22.
Pentair PLC. (NYSE:PNR) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.00. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.11 EPS. On average, analysts predict that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.
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Several equities analysts have recently weighed in on PNR shares. Zacks Investment Research raised shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, May 29th. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 target price on shares of Pentair PLC. in a research note on Tuesday, June 6th. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 target price (up from $69.00) on shares of Pentair PLC. in a research note on Wednesday, July 26th. BMO Capital Markets reissued a “hold” rating and issued a $61.00 target price on shares of Pentair PLC. in a research note on Wednesday, April 26th. Finally, Jefferies Group LLC raised their target price on shares of Pentair PLC. from $58.00 to $59.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. Pentair PLC. currently 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 stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $67.11, for a total transaction of $503,325.00. Following the sale, the insider now owns 16,857 shares of the company’s stock, valued at approximately $1,131,273.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Randall J. Hogan sold 220,000 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $66.03, for a total value of $14,526,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 237,500 shares of company stock worth $15,706,725 in the last three months. 9.90% of the stock is currently owned by insiders.
About Pentair PLC.
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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