Pentair PLC. (PNR) Director Buys $26,308,502.11 in Stock
Pentair PLC. (NYSE:PNR) Director Trian Fund Management, L.P. purchased 384,571 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were bought at an average price of $68.41 per share, for a total transaction of $26,308,502.11. Following the completion of the transaction, the director now directly owns 1,122 shares in the company, valued at approximately $76,756.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Trian Fund Management, L.P. also recently made the following trade(s):
- On Thursday, November 16th, Trian Fund Management, L.P. sold 183,661 shares of Pentair PLC. stock. The stock was sold at an average price of $67.60, for a total value of $12,415,483.60.
Pentair PLC. (NYSE:PNR) opened at $69.51 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.59. The stock has a market capitalization of $12,559.28, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.84 and a beta of 1.40. Pentair PLC. has a one year low of $55.76 and a one year high of $71.65.
Pentair PLC. (NYSE:PNR) last issued its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. Pentair PLC. had a return on equity of 13.39% and a net margin of 12.50%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. equities research analysts predict that Pentair PLC. will post 3.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 3rd. Shareholders of record on Friday, October 20th were paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, October 19th. Pentair PLC.’s payout ratio is currently 41.82%.
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A number of analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and set a $67.00 price target on shares of Pentair PLC. in a research report on Wednesday, October 4th. Cowen and Company reiterated an “underperform” rating and set a $61.00 price target (up from $59.00) on shares of Pentair PLC. in a research report on Monday, October 2nd. KeyCorp reiterated a “buy” rating and set a $77.00 price target on shares of Pentair PLC. in a research report on Thursday, October 12th. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $70.00 price target (up from $69.00) on shares of Pentair PLC. in a research report on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Pentair PLC. has a consensus rating of “Hold” and a consensus price target of $70.92.
A number of hedge funds and other institutional investors have recently modified their holdings of PNR. Huntington National Bank boosted its stake in Pentair PLC. by 126.8% during the 2nd quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 843 shares in the last quarter. Tiedemann Wealth Management LLC boosted its stake in Pentair PLC. by 25.8% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 10,182 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 2,091 shares in the last quarter. Korea Investment CORP boosted its stake in Pentair PLC. by 142.7% during the 2nd quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 942 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Pentair PLC. during the 3rd quarter valued at $116,000. Finally, YorkBridge Wealth Partners LLC boosted its stake in Pentair PLC. by 6.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 111 shares in the last quarter. 85.21% of the stock is owned by hedge funds and other institutional investors.
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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