Public Employees Retirement Association of Colorado Lowers Stake in Pentair PLC. (PNR)

Public Employees Retirement Association of Colorado decreased its stake in Pentair PLC. (NYSE:PNR) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,553 shares of the industrial products company’s stock after selling 59 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Pentair PLC. were worth $2,233,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PNR. Regentatlantic Capital LLC boosted its stake in shares of Pentair PLC. by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 5,587 shares of the industrial products company’s stock valued at $351,000 after buying an additional 15 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Pentair PLC. by 0.6% in the first quarter. Keybank National Association OH now owns 4,329 shares of the industrial products company’s stock valued at $272,000 after buying an additional 24 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of Pentair PLC. by 0.7% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the industrial products company’s stock valued at $257,000 after buying an additional 28 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Pentair PLC. by 1.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,037 shares of the industrial products company’s stock valued at $191,000 after buying an additional 50 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Pentair PLC. by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the industrial products company’s stock valued at $692,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 86.77% of the company’s stock.

Pentair PLC. (PNR) opened at 62.37 on Thursday. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 18.36 and a beta of 1.38. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.03. The stock has a 50 day moving average price of $64.89 and a 200 day moving average price of $63.17.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 21st were paid a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Wednesday, July 19th. Pentair PLC.’s dividend payout ratio is presently 40.71%.

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Several brokerages recently commented on PNR. BMO Capital Markets reiterated a “hold” rating and set a $61.00 price target on shares of Pentair PLC. in a research report on Wednesday, April 26th. KeyCorp upgraded Pentair PLC. from a “sector weight” rating to an “overweight” rating and set a $77.00 price target for the company in a research report on Wednesday, May 17th. Jefferies Group LLC boosted their price target on Pentair PLC. from $58.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $68.00 price target on shares of Pentair PLC. in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Pentair PLC. currently has a consensus rating of “Hold” and a consensus target price of $66.86.

In other Pentair PLC. news, Chairman Randall J. Hogan sold 220,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $66.03, for a total transaction of $14,526,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David A. /Wi Jones sold 10,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $67.68, for a total value of $676,800.00. Following the transaction, the director now owns 20,804 shares in the company, valued at approximately $1,408,014.72. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,726,000 shares of company stock worth $112,619,140 and have sold 237,500 shares worth $15,706,725. Insiders own 9.90% of the company’s stock.

About Pentair PLC.

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.

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

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