Daiwa Securities Group Inc. continued to hold its stake in shares of Pentair PLC. (NYSE:PNR) during the second quarter, Holdings Channel reports. The fund owned 5,030 shares of the industrial products company’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Pentair PLC. were worth $335,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. CIBC Asset Management Inc increased its stake in shares of Pentair PLC. 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 during the last quarter. Mcrae Capital Management Inc. increased its stake in shares of Pentair PLC. by 5.3% in the second quarter. Mcrae Capital Management Inc. now owns 30,032 shares of the industrial products company’s stock worth $1,998,000 after buying an additional 1,500 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Pentair PLC. by 20.7% in the second quarter. Janney Montgomery Scott LLC now owns 57,178 shares of the industrial products company’s stock worth $3,805,000 after buying an additional 9,806 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Pentair PLC. by 179.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 14,910 shares of the industrial products company’s stock worth $992,000 after buying an additional 9,570 shares during the last quarter. Finally, Reliance Trust Co. of Delaware acquired a new stake in shares of Pentair PLC. during the second quarter worth about $745,000. 86.77% of the stock is owned by hedge funds and other institutional investors.

Shares of Pentair PLC. (NYSE PNR) opened at 62.03 on Wednesday. The firm has a 50-day moving average of $64.50 and a 200 day moving average of $63.23. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.03. The stock has a market cap of $11.26 billion, a PE ratio of 18.26 and a beta of 1.38.

Pentair PLC. (NYSE:PNR) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $1.11 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts forecast that Pentair PLC. will post $3.51 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on PNR. BidaskClub downgraded shares of Pentair PLC. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded shares of Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Morgan Stanley reissued an “equal weight” rating and set a $70.00 price objective (up previously from $69.00) on shares of Pentair PLC. in a research report on Wednesday, July 26th. Bank of America Corporation reissued a “sell” rating and set a $65.00 price objective on shares of Pentair PLC. in a research report on Wednesday, July 26th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $68.00 price objective 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 assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $66.86.

In other news, Director David A. /Wi Jones sold 10,000 shares of Pentair PLC. stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $67.68, for a total value of $676,800.00. Following the sale, 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 SEC, which can be accessed through the SEC website. Also, insider Mark C. Borin sold 7,500 shares of Pentair PLC. stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $67.11, for a total transaction of $503,325.00. Following the completion of the sale, the insider now owns 16,857 shares in the company, valued at approximately $1,131,273.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 237,500 shares of company stock worth $15,706,725. Company insiders own 9.90% 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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Institutional Ownership by Quarter for Pentair PLC. (NYSE:PNR)

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