Foundry Partners LLC decreased its position in shares of Pentair PLC. (NYSE:PNR) by 8.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,905 shares of the industrial products company’s stock after selling 23,750 shares during the period. Pentair PLC. makes up approximately 0.7% of Foundry Partners LLC’s holdings, making the stock its 25th largest holding. Foundry Partners LLC owned approximately 0.14% of Pentair PLC. worth $16,984,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank raised its position in Pentair PLC. by 126.8% during the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 843 shares in the last quarter. Korea Investment CORP raised its position in Pentair PLC. by 142.7% during the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 942 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of Pentair PLC. by 6.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after buying an additional 111 shares during the last quarter. Krilogy Financial LLC grew its stake in shares of Pentair PLC. by 121.2% during the second quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock valued at $152,000 after buying an additional 1,250 shares during the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of Pentair PLC. by 13.0% during the second quarter. Penserra Capital Management LLC now owns 2,444 shares of the industrial products company’s stock valued at $162,000 after buying an additional 282 shares during the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

In other Pentair PLC. news, Director Ronald Merriman sold 5,200 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $67.00, for a total value of $348,400.00. Following the transaction, the director now directly owns 21,538 shares in the company, valued at approximately $1,443,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.90% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Foundry Partners LLC Lowers Holdings in Pentair PLC. (PNR)” was published by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/foundry-partners-llc-lowers-holdings-in-pentair-plc-pnr/1675902.html.

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 Zacks’ consensus estimate of $0.93 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Pentair PLC. had a net margin of 12.50% and a return on equity of 13.39%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Shareholders of record on Friday, October 20th will be paid a $0.345 dividend. The ex-dividend date is Thursday, October 19th. This represents a $1.38 dividend on an annualized basis and a yield of 1.99%. Pentair PLC.’s dividend payout ratio is currently 41.82%.

A number of research analysts have recently issued reports on PNR shares. Zacks Investment Research raised Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of Pentair PLC. in a research note on Wednesday, July 12th. KeyCorp reaffirmed a “buy” rating and set a $77.00 price objective on shares of Pentair PLC. in a research note on Thursday, October 12th. Seaport Global Securities reaffirmed a “buy” rating on shares of Pentair PLC. in a research note on Wednesday, October 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $70.00 price objective (up from $69.00) on shares of Pentair PLC. in a research note on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Pentair PLC. has a consensus rating of “Hold” and an average price target of $70.00.

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.

Want to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair PLC. (NYSE:PNR).

Institutional Ownership 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 Analyst Ratings Network's FREE daily email newsletter.