Skba Capital Management LLC increased its stake in shares of Pentair PLC. (NYSE:PNR) by 10.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,570 shares of the industrial products company’s stock after buying an additional 330 shares during the quarter. Skba Capital Management LLC’s holdings in Pentair PLC. were worth $238,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Nationwide Fund Advisors increased its stake in Pentair PLC. by 16.6% during the first quarter. Nationwide Fund Advisors now owns 53,028 shares of the industrial products company’s stock worth $3,329,000 after acquiring an additional 7,563 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in Pentair PLC. by 10.2% during the first quarter. Glen Harbor Capital Management LLC now owns 6,204 shares of the industrial products company’s stock worth $389,000 after acquiring an additional 572 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Pentair PLC. by 10.8% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,440 shares of the industrial products company’s stock worth $906,000 after acquiring an additional 1,404 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Pentair PLC. by 26,201.9% during the first quarter. Canada Pension Plan Investment Board now owns 28,406 shares of the industrial products company’s stock worth $1,783,000 after acquiring an additional 28,298 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Pentair PLC. by 62.2% during the first quarter. Advisors Asset Management Inc. now owns 2,796 shares of the industrial products company’s stock worth $176,000 after acquiring an additional 1,072 shares during the last quarter. Hedge funds and other institutional investors own 85.59% of the company’s stock.
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Several research firms recently commented on PNR. Zacks Investment Research raised Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, July 12th. Stifel Nicolaus reissued a “hold” rating and issued a $68.00 target price on shares of Pentair PLC. in a report on Friday, July 14th. Jefferies Group LLC reissued a “hold” rating and issued a $59.00 target price on shares of Pentair PLC. in a report on Friday, July 14th. Cowen and Company boosted their price target on Pentair PLC. from $50.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, May 30th. Finally, Bank of America Corporation restated a “sell” rating and issued a $65.00 price target on shares of Pentair PLC. in a research report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $67.23.
Pentair PLC. (NYSE PNR) opened at 67.05 on Friday. The company has a 50 day moving average price of $62.44 and a 200 day moving average price of $63.89. Pentair PLC. has a 12 month low of $53.80 and a 12 month high of $69.03. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 19.74 and a beta of 1.40.
Pentair PLC. (NYSE:PNR) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business posted $1.11 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts predict that Pentair PLC. will post $3.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Friday, October 20th will be issued a $0.345 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $1.38 annualized dividend and a yield of 2.06%. Pentair PLC.’s dividend payout ratio (DPR) is presently 40.71%.
Pentair PLC. 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.
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