Pentair PLC. (NYSE:PNR) Director Trian Fund Management, L.P. sold 183,661 shares of Pentair stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $67.60, for a total transaction of $12,415,483.60. Following the completion of the transaction, the director now directly owns 1,122 shares in the company, valued at $75,847.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Trian Fund Management, L.P. also recently made the following trade(s):
- On Monday, November 27th, Trian Fund Management, L.P. acquired 9,966 shares of Pentair stock. The shares were bought at an average cost of $69.22 per share, for a total transaction of $689,846.52.
- On Monday, November 20th, Trian Fund Management, L.P. acquired 384,571 shares of Pentair stock. The shares were bought at an average cost of $68.41 per share, for a total transaction of $26,308,502.11.
Pentair PLC. (NYSE:PNR) traded up $0.19 during trading on Thursday, reaching $69.42. 947,998 shares of the company’s stock were exchanged, compared to its average volume of 986,389. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. Pentair PLC. has a 52 week low of $55.76 and a 52 week high of $71.76. The firm has a market cap of $12,448.50, a P/E ratio of 20.28, a PEG ratio of 1.82 and a beta of 1.41.
Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Pentair had a net margin of 12.50% and a return on equity of 13.39%. Pentair’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. research analysts expect that Pentair PLC. will post 3.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be issued a dividend of $0.35 per share. This is an increase from Pentair’s previous quarterly dividend of $0.35. This represents a $1.40 annualized dividend and a yield of 2.02%. The ex-dividend date is Thursday, January 25th. Pentair’s dividend payout ratio (DPR) is 41.82%.
PNR has been the subject of several recent research reports. KeyCorp reissued a “buy” rating and issued a $77.00 target price on shares of Pentair in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of Pentair from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Tuesday, October 10th. Seaport Global Securities restated a “buy” rating on shares of Pentair in a research note on Wednesday, October 25th. Morgan Stanley restated an “equal weight” rating and issued a $74.00 price objective (up from $70.00) on shares of Pentair in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $76.00 target price (up from $75.00) on shares of Pentair in a research note on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.67.
Hedge funds have recently made changes to their positions in the business. Huntington National Bank raised its holdings in Pentair by 126.8% during the 2nd quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock worth $100,000 after buying an additional 843 shares during the period. Tiedemann Wealth Management LLC grew its stake in shares of Pentair by 25.8% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 10,182 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 2,091 shares in the last quarter. Korea Investment CORP grew its stake in shares of Pentair by 142.7% during the 2nd quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 942 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Pentair during the 3rd quarter worth approximately $116,000. Finally, YorkBridge Wealth Partners LLC grew its stake in shares of Pentair by 6.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.
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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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