DekaBank Deutsche Girozentrale increased its position in shares of Pentair plc. Ordinary Share (NYSE:PNR) by 11.2% during the second quarter, Holdings Channel reports. The firm owned 102,022 shares of the industrial products company’s stock after buying an additional 10,235 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Pentair plc. Ordinary Share were worth $6,752,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Huntington National Bank increased its position in Pentair plc. Ordinary Share by 126.8% in the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock worth $100,000 after buying an additional 843 shares during the period. Korea Investment CORP increased its position in Pentair plc. Ordinary Share by 142.7% in the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock worth $107,000 after buying an additional 942 shares during the period. FNY Partners Fund LP bought a new position in Pentair plc. Ordinary Share during the first quarter worth approximately $125,000. First Personal Financial Services increased its position in Pentair plc. Ordinary Share by 17.6% in the first quarter. First Personal Financial Services now owns 2,006 shares of the industrial products company’s stock worth $126,000 after buying an additional 300 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its position in Pentair plc. Ordinary Share by 6.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,641 shares of the industrial products company’s stock worth $166,000 after buying an additional 157 shares during the period. 86.77% of the stock is owned by institutional investors and hedge funds.

Shares of Pentair plc. Ordinary Share (NYSE PNR) opened at 62.51 on Tuesday. The stock’s 50 day moving average price is $64.60 and its 200 day moving average price is $63.22. Pentair plc. Ordinary Share has a 12-month low of $53.80 and a 12-month high of $69.03. The company has a market capitalization of $11.34 billion, a PE ratio of 18.40 and a beta of 1.38.

Pentair plc. Ordinary Share (NYSE:PNR) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, meeting the consensus estimate of $1.00. Pentair plc. Ordinary Share had a return on equity of 13.17% and a net margin of 12.86%. 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 firm posted $1.11 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Pentair plc. Ordinary Share will post $3.51 earnings per share for the current year.

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PNR has been the subject of a number of analyst reports. TheStreet raised Pentair plc. Ordinary Share from a “c+” rating to a “b” rating in a research note on Monday, April 17th. Zacks Investment Research raised Pentair plc. Ordinary Share from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Monday, May 29th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price target on shares of Pentair plc. Ordinary Share in a research note on Tuesday, June 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 target price (up previously from $69.00) on shares of Pentair plc. Ordinary Share in a research report on Wednesday, July 26th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $61.00 target price on shares of Pentair plc. Ordinary Share in a research report on Wednesday, April 26th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $66.86.

In related news, insider Mark C. Borin sold 7,500 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $67.11, for a total transaction of $503,325.00. Following the transaction, the insider now directly owns 16,857 shares of the company’s stock, valued at approximately $1,131,273.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Trian Fund Management, L.P. acquired 863,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average cost of $65.25 per share, for a total transaction of $56,310,750.00. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 237,500 shares of company stock worth $15,706,725. 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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