Pentair PLC. (PNR) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC grew its position in shares of Pentair PLC. (NYSE:PNR) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 313,725 shares of the industrial products company’s stock after buying an additional 9,946 shares during the quarter. Parametric Portfolio Associates LLC owned 0.17% of Pentair worth $21,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Pentair by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,456 shares of the industrial products company’s stock worth $829,000 after purchasing an additional 53 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Pentair by 1.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,439 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 62 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Pentair by 1.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 6,319 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 92 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in shares of Pentair by 6.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 111 shares in the last quarter. Finally, Suntrust Banks Inc. increased its stake in shares of Pentair by 2.3% in the 2nd quarter. Suntrust Banks Inc. now owns 6,548 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.
In other Pentair news, insider Karl R. Frykman sold 11,386 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $70.24, for a total transaction of $799,752.64. Following the completion of the transaction, the insider now owns 36,476 shares of the company’s stock, valued at approximately $2,562,074.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trian Fund Management, L.P. acquired 9,966 shares of the company’s stock in a transaction on Monday, November 27th. The shares were bought at an average cost of $69.22 per share, with a total value of $689,846.52. Following the acquisition, the director now directly owns 1,122 shares in the company, valued at $77,664.84. The disclosure for this purchase can be found here. Insiders sold a total of 217,632 shares of company stock valued at $14,783,286 in the last quarter. 9.90% of the stock is currently owned by company insiders.
Several equities research analysts have recently commented on the company. Stifel Nicolaus restated a “hold” rating and issued a $67.00 price objective on shares of Pentair in a research note on Wednesday, October 4th. Zacks Investment Research lowered Pentair from a “buy” rating to a “sell” rating in a research note on Tuesday. Seaport Global Securities restated a “buy” rating on shares of Pentair in a research note on Wednesday, October 25th. Morgan Stanley restated an “equal weight” rating and issued a $74.00 price objective (up from $70.00) on shares of Pentair in a research note on Monday, October 2nd. Finally, Jefferies Group restated a “hold” rating and issued a $59.00 price objective on shares of Pentair in a research note on Thursday, September 21st. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.67.
Shares of Pentair PLC. (NYSE:PNR) opened at $69.38 on Wednesday. Pentair PLC. has a 12 month low of $55.76 and a 12 month high of $71.76. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $12,662.79, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.41.
Pentair (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, topping the Zacks’ consensus estimate of $0.93 by $0.02. Pentair had a return on equity of 13.39% and a net margin of 12.50%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business posted $0.78 EPS. Pentair’s revenue for the quarter was up 1.3% compared to the same quarter last year. equities analysts expect that Pentair PLC. will post 3.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, January 25th. This is a positive change from Pentair’s previous quarterly dividend of $0.35. Pentair’s dividend payout ratio is presently 41.82%.
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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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