Raymond James Financial Services Advisors Inc. Raises Position in Pentair plc. Ordinary Share (PNR)

Raymond James Financial Services Advisors Inc. raised its position in shares of Pentair plc. Ordinary Share (NYSE:PNR) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,153 shares of the industrial products company’s stock after buying an additional 1,813 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Pentair plc. Ordinary Share were worth $2,835,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Personal Financial Services boosted its stake 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. boosted its stake 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. boosted its stake 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. boosted its stake 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 acquired a new stake in shares of Pentair plc. Ordinary Share during the first quarter worth approximately $203,000. 90.30% of the stock is owned by institutional investors and hedge funds.

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

Shares of Pentair plc. Ordinary Share (NYSE:PNR) traded up 1.76% during trading on Friday, hitting $67.11. 868,217 shares of the company were exchanged. The firm’s 50-day moving average price is $64.10 and its 200 day moving average price is $60.03. The firm has a market capitalization of $12.23 billion, a PE ratio of 24.43 and a beta of 1.45. Pentair plc. Ordinary Share has a 12 month low of $53.80 and a 12 month high of $69.03.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Investors of record on Friday, July 21st will be paid a $0.345 dividend. The ex-dividend date of this dividend is Wednesday, July 19th. This represents a $1.38 dividend on an annualized basis and a yield of 2.09%. Pentair plc. Ordinary Share’s dividend payout ratio is currently 48.42%.

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A number of analysts have commented on the stock. KeyCorp raised shares of Pentair plc. Ordinary Share from a “sector weight” rating to an “overweight” rating and set a $77.00 target price for the company in a report on Wednesday. Stifel Nicolaus upped their price target on shares of Pentair plc. Ordinary Share from $63.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $77.00 price target (up from $73.00) on shares of Pentair plc. Ordinary Share in a research report on Wednesday, April 26th. BMO Capital Markets reiterated a “hold” rating and issued a $61.00 price target on shares of Pentair plc. Ordinary Share in a research report on Wednesday, April 26th. Finally, TheStreet upgraded shares of Pentair plc. Ordinary Share from a “c+” rating to a “b” rating in a research report on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.08.

In related news, Director Edward P. Garden purchased 398,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $65.13 per share, with a total value of $25,921,740.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Trian Fund Management, L.P. purchased 863,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of $65.25 per share, for a total transaction of $56,310,750.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 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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