Stevens Capital Management LP Purchases Shares of 17,643 Pentair PLC. (PNR)
Stevens Capital Management LP bought a new stake in shares of Pentair PLC. (NYSE:PNR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,643 shares of the industrial products company’s stock, valued at approximately $1,174,000.
Several other large investors have also bought and sold shares of PNR. Huntington National Bank lifted its holdings in shares of Pentair PLC. by 126.8% during the 2nd quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 843 shares in the last quarter. Korea Investment CORP lifted its holdings in shares of Pentair PLC. by 142.7% during the 2nd quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 942 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of Pentair PLC. during the 1st quarter valued at $125,000. Penserra Capital Management LLC lifted its holdings in shares of Pentair PLC. by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,444 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 282 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Pentair PLC. by 62.2% during the 1st quarter. Advisors Asset Management Inc. now owns 2,796 shares of the industrial products company’s stock valued at $176,000 after acquiring an additional 1,072 shares in the last quarter. Institutional investors and hedge funds own 85.59% of the company’s stock.
PNR has been the topic of several recent research reports. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $61.00 target price on shares of Pentair PLC. in a report on Thursday, June 1st. Zacks Investment Research lowered shares of Pentair PLC. from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub lowered shares of Pentair PLC. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Jefferies Group LLC restated a “hold” rating and set a $59.00 target price on shares of Pentair PLC. in a report on Thursday. Finally, Royal Bank Of Canada restated a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a report on Tuesday, June 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $67.23.
Pentair PLC. (PNR) opened at 67.05 on Friday. The firm has a 50-day moving average of $62.44 and a 200-day moving average of $63.89. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 19.74 and a beta of 1.40. Pentair PLC. has a one year low of $53.80 and a one year high of $69.03.
Pentair PLC. (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. Pentair PLC.’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 EPS. Analysts anticipate that Pentair PLC. will post $3.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Friday, October 20th will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, October 19th. Pentair PLC.’s dividend payout ratio is currently 40.71%.
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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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