Teachers Retirement System of The State of Kentucky Has $671,000 Holdings in Pentair PLC (PNR)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Pentair PLC (NYSE:PNR) by 17.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,474 shares of the industrial products company’s stock after selling 3,250 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Pentair were worth $671,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Alps Advisors Inc. bought a new position in shares of Pentair during the second quarter valued at about $205,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Pentair by 8.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 48,660 shares of the industrial products company’s stock valued at $2,048,000 after buying an additional 3,854 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Pentair by 59.2% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,948 shares of the industrial products company’s stock valued at $375,000 after buying an additional 3,329 shares during the last quarter. Comerica Bank grew its stake in shares of Pentair by 4.3% during the second quarter. Comerica Bank now owns 66,622 shares of the industrial products company’s stock valued at $2,875,000 after buying an additional 2,727 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Pentair by 39.1% during the second quarter. Wells Fargo & Company MN now owns 3,619,549 shares of the industrial products company’s stock valued at $152,309,000 after buying an additional 1,017,611 shares during the last quarter. Institutional investors own 85.79% of the company’s stock.

NYSE PNR opened at $40.58 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $7.41 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 1.63 and a beta of 1.30. Pentair PLC has a 1 year low of $36.06 and a 1 year high of $50.25.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 23rd. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $711.40 million for the quarter, compared to analysts’ expectations of $698.88 million. Pentair had a return on equity of 16.35% and a net margin of 11.04%. Pentair’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. As a group, analysts anticipate that Pentair PLC will post 2.33 EPS for the current fiscal year.

In other Pentair news, Director Glynis Bryan sold 17,133 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $770,985.00. Following the completion of the sale, the director now directly owns 35,115 shares in the company, valued at $1,580,175. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.70% of the company’s stock.

Several analysts recently issued reports on PNR shares. ValuEngine cut Pentair from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. Zacks Investment Research cut Pentair from a “buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Stifel Nicolaus raised their target price on Pentair from $44.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on Pentair from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Pentair has an average rating of “Hold” and an average price target of $56.00.

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About Pentair

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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