Pentair plc. Ordinary Share (PNR) Stake Lowered by RidgeWorth Capital Management LLC

RidgeWorth Capital Management LLC lowered its stake in shares of Pentair plc. Ordinary Share (NYSE:PNR) by 24.4% during the first quarter, Holdings Channel reports. The fund owned 601,700 shares of the industrial products company’s stock after selling 194,350 shares during the period. RidgeWorth Capital Management LLC’s holdings in Pentair plc. Ordinary Share were worth $37,775,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. First Personal Financial Services raised its position in shares of Pentair plc. Ordinary Share by 17.6% in the first quarter. First Personal Financial Services now owns 2,006 shares of the industrial products company’s stock worth $126,000 after buying an additional 300 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Pentair plc. Ordinary Share 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 worth $166,000 after buying an additional 157 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Pentair plc. Ordinary Share by 62.2% in the first quarter. Advisors Asset Management Inc. now owns 2,796 shares of the industrial products company’s stock worth $176,000 after buying an additional 1,072 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Pentair plc. Ordinary Share by 1.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,037 shares of the industrial products company’s stock worth $191,000 after buying an additional 50 shares in the last quarter. Finally, Skba Capital Management LLC purchased a new position in shares of Pentair plc. Ordinary Share during the first quarter worth approximately $203,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Institutional Ownership by Quarter for Pentair plc. Ordinary Share (NYSE:PNR)

Pentair plc. Ordinary Share (NYSE:PNR) traded up 1.76% during mid-day trading on Friday, reaching $67.11. 868,217 shares of the company traded hands. Pentair plc. Ordinary Share has a one year low of $53.80 and a one year high of $69.03. The stock’s 50-day moving average price is $64.10 and its 200-day moving average price is $60.03. The firm has a market cap of $12.23 billion, a PE ratio of 24.43 and a beta of 1.45.

Pentair plc. Ordinary Share (NYSE:PNR) last issued its earnings results on Tuesday, April 25th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. Pentair plc. Ordinary Share had a net margin of 9.15% and a return on equity of 14.89%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. Analysts forecast that Pentair plc. Ordinary Share will post $3.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Friday, July 21st will be paid a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, July 19th. Pentair plc. Ordinary Share’s dividend payout ratio (DPR) is presently 48.42%.

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A number of equities analysts have commented on PNR shares. Vertical Research upgraded shares of Pentair plc. Ordinary Share from a “hold” rating to a “buy” rating in a report on Monday, January 23rd. Royal Bank of Canada boosted their target price on shares of Pentair plc. Ordinary Share from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Zacks Investment Research downgraded shares of Pentair plc. Ordinary Share from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. TheStreet raised shares of Pentair plc. Ordinary Share from a “c+” rating to a “b” rating in a research report on Monday, April 17th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $61.00 target price on shares of Pentair plc. Ordinary Share in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $65.08.

In other news, Chairman Randall J. Hogan sold 110,325 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $65.00, for a total value of $7,171,125.00. Following the transaction, the chairman now owns 198,111 shares of the company’s stock, valued at approximately $12,877,215. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Angela D. Jilek sold 1,367 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $65.00, for a total transaction of $88,855.00. Following the completion of the transaction, the vice president now directly owns 33,262 shares in the company, valued at approximately $2,162,030. The disclosure for this sale can be found here. In the last ninety days, insiders bought 1,726,000 shares of company stock worth $112,619,140 and sold 118,853 shares worth $7,725,445. 2.30% of the stock is currently owned by company insiders.

Pentair plc. Ordinary Share 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.

5 Day Chart for NYSE:PNR

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