New Mexico Educational Retirement Board reduced its stake in Pentair plc. Ordinary Share (NYSE:PNR) by 7.7% during the second quarter, Holdings Channel reports. The institutional investor owned 15,614 shares of the industrial products company’s stock after selling 1,300 shares during the period. New Mexico Educational Retirement Board’s holdings in Pentair plc. Ordinary Share were worth $985,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. AQR Capital Management LLC bought a new stake in shares of Pentair plc. Ordinary Share during the fourth quarter valued at about $510,000. Teachers Advisors LLC boosted its stake in shares of Pentair plc. Ordinary Share by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 251,711 shares of the industrial products company’s stock valued at $14,113,000 after buying an additional 1,637 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of 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 in the last quarter. Regentatlantic Capital LLC boosted its stake in shares of Pentair plc. Ordinary Share by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 5,587 shares of the industrial products company’s stock valued at $351,000 after buying an additional 15 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Pentair plc. Ordinary Share during the first quarter valued at about $257,000. Institutional investors own 86.77% of the company’s stock.

Pentair plc. Ordinary Share (NYSE PNR) opened at 62.51 on Tuesday. The company’s 50 day moving average is $64.60 and its 200-day moving average is $63.22. The stock has a market cap of $11.34 billion, a PE ratio of 18.40 and a beta of 1.38. Pentair plc. Ordinary Share has a 1-year low of $53.80 and a 1-year high of $69.03.

Pentair plc. Ordinary Share (NYSE:PNR) last released its quarterly earnings data 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. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. Pentair plc. Ordinary Share had a net margin of 12.86% and a return on equity of 13.17%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. Equities research analysts forecast that Pentair plc. Ordinary Share will post $3.51 earnings per share for the current fiscal year.

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PNR has been the topic of several research reports. Zacks Investment Research cut shares of Pentair plc. Ordinary Share from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. TheStreet upgraded shares of Pentair plc. Ordinary Share from a “c+” rating to a “b” rating in a report on Monday, April 17th. BMO Capital Markets restated a “hold” rating and issued a $61.00 target price on shares of Pentair plc. Ordinary Share in a report on Wednesday, April 26th. Royal Bank Of Canada restated an “outperform” rating and issued a $77.00 target price (up previously from $73.00) on shares of Pentair plc. Ordinary Share in a report on Wednesday, April 26th. Finally, Gabelli cut shares of Pentair plc. Ordinary Share from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Three equities research 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. Pentair plc. Ordinary Share has a consensus rating of “Hold” and an average target price of $66.86.

In other news, Director Edward P. Garden purchased 398,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average cost of $65.13 per share, with a total value of $25,921,740.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Trian Fund Management, L.P. purchased 863,000 shares of the 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. Insiders sold 237,500 shares of company stock worth $15,706,725 in the last quarter. Company 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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