Pentair plc. Ordinary Share (PNR) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its position in Pentair plc. Ordinary Share (NYSE:PNR) by 15.7% during the second quarter, Holdings Channel reports. The institutional investor owned 172,604 shares of the industrial products company’s stock after selling 32,071 shares during the period. Wedge Capital Management L L P NC’s holdings in Pentair plc. Ordinary Share were worth $11,485,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Regentatlantic Capital LLC boosted its position in Pentair plc. Ordinary Share by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 5,587 shares of the industrial products company’s stock worth $351,000 after buying an additional 15 shares in the last quarter. Keybank National Association OH boosted its position in Pentair plc. Ordinary Share by 0.6% in the first quarter. Keybank National Association OH now owns 4,329 shares of the industrial products company’s stock worth $272,000 after buying an additional 24 shares in the last quarter. Cleararc Capital Inc. boosted its position in Pentair plc. Ordinary Share by 0.7% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the industrial products company’s stock worth $257,000 after buying an additional 28 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Pentair plc. Ordinary Share by 1.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,037 shares of the industrial products company’s stock worth $191,000 after buying an additional 50 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Pentair plc. Ordinary Share by 0.3% in the second quarter. CIBC Asset Management Inc now owns 16,405 shares of the industrial products company’s stock worth $1,092,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 86.77% of the company’s stock.

Shares of Pentair plc. Ordinary Share (NYSE:PNR) opened at 62.51 on Tuesday. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 18.40 and a beta of 1.38. The stock has a 50 day moving average of $64.60 and a 200-day moving average of $63.22. Pentair plc. Ordinary Share has a 1-year low of $53.80 and a 1-year high of $69.03.

Pentair plc. Ordinary Share (NYSE:PNR) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00. Pentair plc. Ordinary Share had a net margin of 12.86% and a return on equity of 13.17%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business earned $1.11 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. Analysts forecast that Pentair plc. Ordinary Share will post $3.51 earnings per share for the current year.

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A number of equities analysts recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating and set a $61.00 price objective on shares of Pentair plc. Ordinary Share in a research report on Wednesday, April 26th. KeyCorp upgraded shares of Pentair plc. Ordinary Share from a “sector weight” rating to an “overweight” rating and set a $77.00 price objective for the company in a research report on Wednesday, May 17th. Jefferies Group LLC boosted their target price on shares of Pentair plc. Ordinary Share from $58.00 to $59.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Zacks Investment Research raised shares of Pentair plc. Ordinary Share from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $68.00 target price on shares of Pentair plc. Ordinary Share in a 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 assigned a buy rating to the company’s stock. Pentair plc. Ordinary Share presently has a consensus rating of “Hold” and a consensus target price of $66.86.

In other news, Director David A. /Wi Jones sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were 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 $1,408,014.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward P. Garden bought 398,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average price of $65.13 per share, for a total transaction of $25,921,740.00. The disclosure for this purchase can be found here. Insiders sold 237,500 shares of company stock worth $15,706,725 in the last 90 days. Company insiders own 9.90% of the company’s stock.

Pentair plc. Ordinary Share 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. Ordinary Share (NYSE:PNR)

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