New Mexico Educational Retirement Board lowered its position in shares of Pentair PLC (NYSE:PNR) by 5.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,214 shares of the industrial products company’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in Pentair were worth $462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Capital Group LLC increased its holdings in shares of Pentair by 445.0% during the 2nd quarter. Private Capital Group LLC now owns 594 shares of the industrial products company’s stock worth $25,000 after buying an additional 485 shares during the last quarter. Horan Capital Advisors LLC. acquired a new stake in shares of Pentair during the 3rd quarter worth approximately $26,000. HM Payson & Co. acquired a new stake in shares of Pentair during the 2nd quarter worth approximately $28,000. AdvisorNet Financial Inc increased its holdings in shares of Pentair by 35.6% during the 3rd quarter. AdvisorNet Financial Inc now owns 990 shares of the industrial products company’s stock worth $37,000 after buying an additional 260 shares during the last quarter. Finally, Personal Wealth Partners acquired a new stake in shares of Pentair during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 84.60% of the company’s stock.
NYSE:PNR opened at $43.79 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.88 and a current ratio of 1.44. The stock has a market capitalization of $7.45 billion, a P/E ratio of 18.63, a PEG ratio of 3.60 and a beta of 1.23. The company has a 50 day moving average price of $42.06 and a 200 day moving average price of $38.09. Pentair PLC has a fifty-two week low of $34.50 and a fifty-two week high of $45.70.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Pentair from a “sell” rating to a “hold” rating and set a $44.00 price target for the company in a report on Friday, October 25th. Morgan Stanley set a $43.00 price target on shares of Pentair and gave the stock a “hold” rating in a report on Friday, October 25th. Jefferies Financial Group assumed coverage on shares of Pentair in a report on Friday, September 20th. They set a “hold” rating for the company. Finally, Seaport Global Securities restated a “buy” rating on shares of Pentair in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Pentair currently has a consensus rating of “Hold” and an average price target of $42.75.
In related news, Director David A. /Wi Jones sold 6,116 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $43.11, for a total transaction of $263,660.76. Following the completion of the transaction, the director now owns 19,310 shares of the company’s stock, valued at approximately $832,454.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.
Pentair Company Profile
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
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