Aperio Group LLC Increases Holdings in Pentair plc. Ordinary Share (PNR)

Aperio Group LLC raised its stake in shares of Pentair plc. Ordinary Share (NYSE:PNR) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,692 shares of the industrial products company’s stock after buying an additional 1,015 shares during the period. Aperio Group LLC owned about 0.05% of Pentair plc. Ordinary Share worth $6,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in Pentair plc. Ordinary Share during the 3rd quarter valued at $116,000. Leavell Investment Management Inc. purchased a new stake in Pentair plc. Ordinary Share during the 4th quarter valued at $207,000. Advisor Partners LLC purchased a new stake in Pentair plc. Ordinary Share during the 4th quarter valued at $217,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Pentair plc. Ordinary Share by 49.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,363 shares of the industrial products company’s stock valued at $228,000 after buying an additional 1,112 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV purchased a new stake in Pentair plc. Ordinary Share during the 3rd quarter valued at $268,000. Institutional investors and hedge funds own 86.25% of the company’s stock.

In other Pentair plc. Ordinary Share news, Director Trian Fund Management, L.P. purchased 9,966 shares of the business’s stock in a transaction on Monday, November 27th. The stock was acquired at an average price of $69.22 per share, for a total transaction of $689,846.52. Following the purchase, the director now owns 1,122 shares of the company’s stock, valued at approximately $77,664.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John L. Stauch sold 2,392 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $70.30, for a total value of $168,157.60. The disclosure for this sale can be found here. Insiders sold a total of 193,438 shares of company stock valued at $13,100,591 in the last quarter. 9.90% of the stock is currently owned by company insiders.

Shares of Pentair plc. Ordinary Share (NYSE:PNR) opened at $69.03 on Tuesday. Pentair plc. Ordinary Share has a 12 month low of $57.63 and a 12 month high of $74.84. The company has a quick ratio of 0.97, a current ratio of 1.46 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $12,183.37, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 1.67 and a beta of 1.38.

Pentair plc. Ordinary Share (NYSE:PNR) last issued its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.93. Pentair plc. Ordinary Share had a return on equity of 13.41% and a net margin of 13.50%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the business posted $0.78 EPS. Pentair plc. Ordinary Share’s revenue for the quarter was up 6.1% compared to the same quarter last year. equities analysts expect that Pentair plc. Ordinary Share will post 4.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 26th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, January 25th. This is a positive change from Pentair plc. Ordinary Share’s previous quarterly dividend of $0.35. Pentair plc. Ordinary Share’s dividend payout ratio is presently 38.57%.

A number of equities research analysts have weighed in on the stock. KeyCorp boosted their target price on shares of Pentair plc. Ordinary Share from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Stifel Nicolaus reiterated a “hold” rating and set a $78.00 target price on shares of Pentair plc. Ordinary Share in a research note on Wednesday, January 31st. Seaport Global Securities reiterated a “buy” rating on shares of Pentair plc. Ordinary Share in a research note on Wednesday, October 25th. Cowen restated a “sell” rating and issued a $65.00 price objective on shares of Pentair plc. Ordinary Share in a research note on Friday, January 26th. Finally, UBS Group lowered Pentair plc. Ordinary Share from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Pentair plc. Ordinary Share presently has a consensus rating of “Hold” and an average price target of $72.18.

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About Pentair plc. Ordinary Share

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

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