Pentair plc. Ordinary Share (PNR) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System raised its stake in shares of Pentair plc. Ordinary Share (NYSE:PNR) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 449,466 shares of the industrial products company’s stock after acquiring an additional 5,608 shares during the period. California Public Employees Retirement System’s holdings in Pentair plc. Ordinary Share were worth $31,741,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PNR. Teacher Retirement System of Texas purchased a new stake in shares of Pentair plc. Ordinary Share during the 4th quarter valued at about $3,299,000. ING Groep NV increased its position in shares of Pentair plc. Ordinary Share by 105.8% during the 4th quarter. ING Groep NV now owns 20,874 shares of the industrial products company’s stock valued at $1,474,000 after purchasing an additional 10,730 shares during the last quarter. Clarus Wealth Advisors purchased a new stake in shares of Pentair plc. Ordinary Share during the 4th quarter valued at about $215,000. Crossmark Global Holdings Inc. increased its position in shares of Pentair plc. Ordinary Share by 12.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 12,938 shares of the industrial products company’s stock valued at $914,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Parnassus Investments CA increased its position in shares of Pentair plc. Ordinary Share by 0.7% during the 4th quarter. Parnassus Investments CA now owns 6,989,457 shares of the industrial products company’s stock valued at $493,595,000 after purchasing an additional 50,872 shares during the last quarter. Institutional investors and hedge funds own 86.25% of the company’s stock.

Shares of Pentair plc. Ordinary Share (NYSE PNR) opened at $70.83 on Friday. The stock has a market cap of $12,829.86, a P/E ratio of 19.51, a P/E/G ratio of 1.75 and a beta of 1.38. Pentair plc. Ordinary Share has a fifty-two week low of $57.63 and a fifty-two week 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.

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

The company also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Friday, January 26th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.98%. This is a positive change from Pentair plc. Ordinary Share’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, January 25th. Pentair plc. Ordinary Share’s dividend payout ratio is currently 38.57%.

In other Pentair plc. Ordinary Share news, CFO John L. Stauch sold 2,392 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $70.30, for a total transaction of $168,157.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Trian Fund Management, L.P. acquired 384,571 shares of the business’s stock in a transaction on Monday, November 20th. The shares were bought at an average cost of $68.41 per share, with a total value of $26,308,502.11. Following the completion of the acquisition, the director now owns 1,122 shares in the company, valued at $76,756.02. The disclosure for this purchase can be found here. Corporate insiders own 9.90% of the company’s stock.

Several research firms have recently commented on PNR. UBS Group began coverage on shares of Pentair plc. Ordinary Share in a research report on Monday, January 22nd. They set a “sell” rating for the company. Zacks Investment Research raised shares of Pentair plc. Ordinary Share from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Cowen reaffirmed a “sell” rating and set a $65.00 price target on shares of Pentair plc. Ordinary Share in a research report on Friday, January 26th. KeyCorp upped their price target on shares of Pentair plc. Ordinary Share from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $78.00 price target on shares of Pentair plc. Ordinary Share in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $71.58.

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

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