Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in Pentair plc. Ordinary Share (NYSE:PNR) by 25.9% during the second quarter, Holdings Channel reports. The fund owned 34,916 shares of the industrial products company’s stock after selling 12,177 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Pentair plc. Ordinary Share were worth $2,323,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mcrae Capital Management Inc. increased its position in Pentair plc. Ordinary Share by 10.3% in the first quarter. Mcrae Capital Management Inc. now owns 28,532 shares of the industrial products company’s stock valued at $1,791,000 after buying an additional 2,665 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Pentair plc. Ordinary Share by 4.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,649 shares of the industrial products company’s stock valued at $2,932,000 after buying an additional 2,100 shares during the last quarter. Addison Capital Co acquired a new position in Pentair plc. Ordinary Share during the first quarter valued at $540,000. Chevy Chase Trust Holdings Inc. increased its position in Pentair plc. Ordinary Share by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 144,138 shares of the industrial products company’s stock valued at $9,049,000 after buying an additional 4,398 shares during the last quarter. Finally, Dai Ichi Life Insurance Company Ltd increased its position in Pentair plc. Ordinary Share by 736.2% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 136,301 shares of the industrial products company’s stock valued at $8,557,000 after buying an additional 120,000 shares during the last quarter. Hedge funds and other institutional investors own 86.77% of the company’s stock.

Pentair plc. Ordinary Share (NYSE:PNR) opened at 62.51 on Tuesday. Pentair plc. Ordinary Share has a 52-week low of $53.80 and a 52-week high of $69.03. The company has a market cap of $11.34 billion, a price-to-earnings ratio of 18.40 and a beta of 1.38. The company’s 50-day moving average is $64.60 and its 200 day moving average is $63.22.

Pentair plc. Ordinary Share (NYSE:PNR) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, hitting the Zacks’ 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 business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm earned $1.11 EPS. Pentair plc. Ordinary Share’s revenue was down 2.8% on a year-over-year basis. Equities analysts forecast that Pentair plc. Ordinary Share will post $3.51 earnings per share for the current fiscal year.

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Several brokerages have recently commented on PNR. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $61.00 target price on shares of Pentair plc. Ordinary Share in a report on Thursday, June 1st. Zacks Investment Research downgraded shares of Pentair plc. Ordinary Share from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub downgraded shares of Pentair plc. Ordinary Share from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 target price on shares of Pentair plc. Ordinary Share in a report on Tuesday, June 6th. Finally, Stifel Nicolaus increased their target price on shares of Pentair plc. Ordinary Share from $63.00 to $64.00 and gave the company a “hold” rating in a report on Friday, April 28th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $66.86.

In other Pentair plc. Ordinary Share news, insider Mark C. Borin sold 7,500 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $67.11, for a total value of $503,325.00. Following the completion of the transaction, the insider now 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 available through this link. Also, Director Edward P. Garden bought 398,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of $65.13 per share, with a total value of $25,921,740.00. The disclosure for this purchase can be found here. In the last three months, insiders sold 237,500 shares of company stock valued at $15,706,725. 9.90% of the stock is owned by insiders.

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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