Pentair PLC (NYSE:PNR) Shares Sold by New Mexico Educational Retirement Board

Share on StockTwits

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.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The firm had revenue of $713.60 million during the quarter, compared to analysts’ expectations of $719.07 million. Pentair had a net margin of 11.92% and a return on equity of 21.35%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. Research analysts forecast that Pentair PLC will post 2.35 earnings per share for the current fiscal year.

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.

Featured Story: Shanghai Stock Exchange Composite Index

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.