BlackRock Inc. trimmed its stake in Pentair PLC (NYSE:PNR) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,899,337 shares of the industrial products company’s stock after selling 180,467 shares during the period. BlackRock Inc. owned about 0.07% of Pentair worth $559,189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PNR. Fort L.P. acquired a new stake in Pentair in the 2nd quarter worth $118,000. Capital Advisors Ltd. LLC acquired a new stake in Pentair in the 3rd quarter worth $142,000. NumerixS Investment Technologies Inc bought a new position in shares of Pentair during the 2nd quarter worth about $146,000. Stratos Wealth Partners LTD. bought a new position in shares of Pentair during the 3rd quarter worth about $168,000. Finally, Marshwinds Advisory Co. bought a new position in shares of Pentair during the 3rd quarter worth about $200,000. Institutional investors own 85.79% of the company’s stock.

In related news, Director Glynis Bryan sold 17,133 shares of Pentair stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $770,985.00. Following the completion of the transaction, the director now directly owns 35,115 shares of the company’s stock, valued at approximately $1,580,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.90% of the company’s stock.

A number of equities analysts have recently commented on PNR shares. ValuEngine downgraded shares of Pentair from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 17th. Zacks Investment Research downgraded shares of Pentair from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Stifel Nicolaus raised their price objective on shares of Pentair from $44.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Pentair from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $56.08.

NYSE:PNR opened at $40.28 on Friday. The stock has a market cap of $7.04 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.56 and a beta of 1.30. Pentair PLC has a 52 week low of $36.06 and a 52 week high of $50.25. The company has a quick ratio of 0.85, a current ratio of 1.40 and a debt-to-equity ratio of 0.42.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 23rd. The industrial products company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $711.40 million during the quarter, compared to the consensus estimate of $698.88 million. Pentair had a net margin of 11.04% and a return on equity of 16.35%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. On average, equities research analysts expect that Pentair PLC will post 2.33 EPS for the current year.

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About Pentair

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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