Sei Investments Co. lowered its position in Pentair PLC. (NYSE:PNR) by 4.1% during the second quarter, Holdings Channel reports. The firm owned 133,641 shares of the industrial products company’s stock after selling 5,785 shares during the period. Sei Investments Co.’s holdings in Pentair PLC. were worth $8,892,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PNR. Mcrae Capital Management Inc. increased its position in Pentair PLC. by 10.3% in the first quarter. Mcrae Capital Management Inc. now owns 28,532 shares of the industrial products company’s stock worth $1,791,000 after buying an additional 2,665 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Pentair PLC. by 4.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,649 shares of the industrial products company’s stock worth $2,932,000 after buying an additional 2,100 shares during the period. Addison Capital Co purchased a new position in Pentair PLC. during the first quarter worth $540,000. Chevy Chase Trust Holdings Inc. increased its position in Pentair PLC. by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 144,138 shares of the industrial products company’s stock worth $9,049,000 after buying an additional 4,398 shares during the period. Finally, Dai Ichi Life Insurance Company Ltd increased its position in Pentair PLC. by 736.2% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 136,301 shares of the industrial products company’s stock worth $8,557,000 after buying an additional 120,000 shares during the period. Hedge funds and other institutional investors own 86.77% of the company’s stock.

Pentair PLC. (NYSE:PNR) opened at 61.57 on Friday. Pentair PLC. has a 52-week low of $53.80 and a 52-week high of $69.03. The company has a 50-day moving average price of $64.69 and a 200 day moving average price of $63.18. The company has a market capitalization of $11.17 billion, a PE ratio of 18.12 and a beta of 1.38.

Pentair PLC. (NYSE:PNR) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. Pentair PLC.’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. Equities research analysts anticipate that Pentair PLC. will post $3.51 earnings per share for the current year.

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PNR has been the topic of a number of research analyst reports. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $61.00 target price on shares of Pentair PLC. in a report on Thursday, June 1st. Zacks Investment Research downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub downgraded Pentair PLC. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a report on Tuesday, June 6th. Finally, Stifel Nicolaus upped their target price on Pentair PLC. from $63.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.86.

In other news, Director Edward P. Garden bought 290,000 shares of the stock in a transaction on Monday, May 15th. The stock was bought at an average cost of $65.31 per share, for a total transaction of $18,939,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Randall J. Hogan sold 220,000 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $66.03, for a total transaction of $14,526,600.00. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 1,726,000 shares of company stock worth $112,619,140 and have sold 237,500 shares worth $15,706,725. Company insiders own 9.90% of the company’s stock.

Pentair PLC. 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.

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Institutional Ownership by Quarter for Pentair PLC. (NYSE:PNR)

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