Fmr LLC Has $244.90 Million Stake in Pentair PLC. (PNR)
Fmr LLC decreased its position in shares of Pentair PLC. (NYSE:PNR) by 14.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,680,443 shares of the industrial products company’s stock after selling 612,595 shares during the quarter. Fmr LLC owned 2.03% of Pentair PLC. worth $244,897,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also 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 in the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Pentair PLC. by 6.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,465,471 shares of the industrial products company’s stock valued at $97,512,000 after acquiring an additional 83,595 shares during the period. Quantitative Investment Management LLC grew its position in shares of Pentair PLC. by 136.3% during the 2nd quarter. Quantitative Investment Management LLC now owns 67,100 shares of the industrial products company’s stock valued at $4,464,000 after acquiring an additional 38,700 shares during the period. Thrivent Financial For Lutherans grew its position in shares of Pentair PLC. by 1.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,319 shares of the industrial products company’s stock valued at $420,000 after acquiring an additional 92 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Pentair PLC. by 0.9% during the 2nd quarter. ProShare Advisors LLC now owns 969,154 shares of the industrial products company’s stock valued at $64,488,000 after acquiring an additional 8,480 shares during the period. 85.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Pentair PLC. (NYSE PNR) opened at 67.96 on Monday. Pentair PLC. has a 12-month low of $53.80 and a 12-month high of $69.03. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 20.01 and a beta of 1.41. The stock’s 50 day moving average is $62.44 and its 200-day moving average is $63.89.
Pentair PLC. (NYSE:PNR) last issued its quarterly earnings data 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. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. Pentair PLC.’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. Equities analysts anticipate that Pentair PLC. will post $3.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Friday, October 20th will be given a $0.345 dividend. The ex-dividend date is Thursday, October 19th. This represents a $1.38 annualized dividend and a dividend yield of 2.03%. Pentair PLC.’s dividend payout ratio is presently 40.71%.
PNR has been the subject of a number of analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 price target on shares of Pentair PLC. in a report on Thursday, September 21st. BMO Capital Markets reiterated a “hold” rating and set a $70.00 price target on shares of Pentair PLC. in a research report on Wednesday, September 6th. BidaskClub lowered Pentair PLC. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Zacks Investment Research lowered Pentair PLC. from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $70.00 price objective (up from $69.00) on shares of Pentair PLC. in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Pentair PLC. has an average rating of “Hold” and a consensus target price of $67.33.
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About Pentair PLC.
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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