Credit Agricole S A cut its stake in Pentair PLC. (NYSE:PNR) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 991,587 shares of the company’s stock after selling 61,574 shares during the period. Credit Agricole S A owned approximately 0.55% of Pentair PLC. worth $55,599,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of PNR. Robecosam AG raised its stake in Pentair PLC. by 27.3% in the second quarter. Robecosam AG now owns 316,704 shares of the company’s stock valued at $18,274,000 after buying an additional 67,937 shares during the period. ProShare Advisors LLC increased its position in shares of Pentair PLC. by 17.2% in the second quarter. ProShare Advisors LLC now owns 745,969 shares of the company’s stock valued at $43,483,000 after buying an additional 109,662 shares in the last quarter. AXA increased its position in shares of Pentair PLC. by 12.3% in the second quarter. AXA now owns 1,034,417 shares of the company’s stock valued at $60,296,000 after buying an additional 113,061 shares in the last quarter. Sand Hill Global Advisors LLC acquired a new position in shares of Pentair PLC. during the second quarter valued at approximately $4,157,000. Finally, Dorsey & Whitney Trust CO LLC increased its position in shares of Pentair PLC. by 1.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 94,421 shares of the company’s stock valued at $5,504,000 after buying an additional 1,084 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.
Pentair PLC. (NYSE:PNR) traded down 1.45% during midday trading on Tuesday, reaching $58.62. The company had a trading volume of 1,218,740 shares. The company has a market capitalization of $10.66 billion, a PE ratio of 20.53 and a beta of 1.45. Pentair PLC. has a 12-month low of $45.92 and a 12-month high of $66.99. The stock has a 50-day moving average price of $58.40 and a 200 day moving average price of $59.80.
Pentair PLC. (NYSE:PNR) last posted its earnings results on Tuesday, January 31st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. Pentair PLC. had a return on equity of 14.89% and a net margin of 9.15%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 earnings per share. Equities analysts forecast that Pentair PLC. will post $3.47 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 10th. Shareholders of record on Friday, January 27th were given a dividend of $0.345 per share. The ex-dividend date of this dividend was Wednesday, January 25th. This represents a $1.38 annualized dividend and a dividend yield of 2.35%. This is an increase from Pentair PLC.’s previous quarterly dividend of $0.34. Pentair PLC.’s dividend payout ratio is currently 48.42%.
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Several research analysts have commented on PNR shares. RBC Capital Markets reaffirmed an “outperform” rating and issued a $66.00 price target (down from $73.00) on shares of Pentair PLC. in a research report on Friday, October 28th. J P Morgan Chase & Co raised Pentair PLC. from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $56.00 to $68.00 in a research report on Friday, January 13th. Royal Bank Of Canada lifted their price target on Pentair PLC. from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. TheStreet downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Finally, Zacks Investment Research raised Pentair PLC. from a “sell” rating to a “hold” rating in a research report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $64.63.
In other Pentair PLC. news, Director Ronald Merriman sold 10,000 shares of the stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $57.87, for a total transaction of $578,700.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.
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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