Karl R. Frykman Sells 7,385 Shares of Pentair PLC. (PNR) Stock

Pentair PLC. (NYSE:PNR) insider Karl R. Frykman sold 7,385 shares of Pentair PLC. stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $70.00, for a total value of $516,950.00. Following the completion of the sale, the insider now directly owns 40,775 shares in the company, valued at approximately $2,854,250. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Pentair PLC. (NYSE PNR) traded up $0.16 during midday trading on Wednesday, hitting $69.51. The stock had a trading volume of 630,050 shares, compared to its average volume of 979,541. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.59 and a quick ratio of 1.05. Pentair PLC. has a one year low of $55.76 and a one year high of $71.65. The company has a market cap of $12,559.28, a P/E ratio of 20.46, a P/E/G ratio of 1.84 and a beta of 1.40.

Pentair PLC. (NYSE:PNR) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.02. Pentair PLC. had a return on equity of 13.39% and a net margin of 12.50%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $0.78 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. equities analysts predict that Pentair PLC. will post 3.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 3rd. Stockholders of record on Friday, October 20th were paid a dividend of $0.345 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $1.38 annualized dividend and a dividend yield of 1.99%. Pentair PLC.’s dividend payout ratio is currently 41.82%.

WARNING: “Karl R. Frykman Sells 7,385 Shares of Pentair PLC. (PNR) Stock” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://sportsperspectives.com/2017/11/22/karl-r-frykman-sells-7385-shares-of-pentair-plc-pnr-stock.html.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Pentair PLC. by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 16,159,434 shares of the industrial products company’s stock worth $1,075,249,000 after acquiring an additional 392,842 shares during the period. Trian Fund Management L.P. boosted its stake in shares of Pentair PLC. by 6.0% during the 2nd quarter. Trian Fund Management L.P. now owns 15,200,931 shares of the industrial products company’s stock worth $1,011,470,000 after acquiring an additional 862,769 shares during the period. BlackRock Inc. boosted its stake in shares of Pentair PLC. by 5.1% during the 2nd quarter. BlackRock Inc. now owns 12,152,997 shares of the industrial products company’s stock worth $808,662,000 after acquiring an additional 588,818 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Pentair PLC. by 0.5% during the 3rd quarter. Wells Fargo & Company MN now owns 2,409,123 shares of the industrial products company’s stock worth $163,724,000 after acquiring an additional 11,035 shares during the period. Finally, Sound Shore Management Inc. CT boosted its stake in shares of Pentair PLC. by 8.6% during the 2nd quarter. Sound Shore Management Inc. CT now owns 2,303,860 shares of the industrial products company’s stock worth $153,299,000 after acquiring an additional 183,299 shares during the period. Institutional investors own 85.21% of the company’s stock.

PNR has been the topic of a number of recent research reports. Zacks Investment Research lowered Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Robert W. Baird reissued a “hold” rating and issued a $70.00 target price on shares of Pentair PLC. in a research report on Wednesday, October 4th. Jefferies Group LLC reissued a “hold” rating and issued a $59.00 target price on shares of Pentair PLC. in a research report on Thursday, September 21st. BidaskClub lowered Pentair PLC. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $70.00 target price on shares of Pentair PLC. in a research report on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.92.

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.

Insider Buying and Selling by Quarter for Pentair PLC. (NYSE:PNR)

Receive News & Ratings for Pentair PLC. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair PLC. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply