Systematic Financial Management LP decreased its position in Pentair PLC. (NYSE:PNR) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,996 shares of the industrial products company’s stock after selling 2,055 shares during the quarter. Systematic Financial Management LP’s holdings in Pentair PLC. were worth $2,106,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Pentair PLC. by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,456 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 53 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Pentair PLC. by 0.3% in the second quarter. CIBC Asset Management Inc now owns 16,405 shares of the industrial products company’s stock valued at $1,092,000 after acquiring an additional 54 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Pentair PLC. by 1.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,439 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 62 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of Pentair PLC. by 1.5% in the second quarter. Thrivent Financial For Lutherans now owns 6,319 shares of the industrial products company’s stock valued at $420,000 after acquiring an additional 92 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Pentair PLC. by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the industrial products company’s stock valued at $692,000 after acquiring an additional 100 shares during the last quarter. 85.21% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Karl R. Frykman sold 7,385 shares of Pentair PLC. stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $70.00, for a total transaction of $516,950.00. Following the completion of the transaction, the insider now owns 40,775 shares in the company, valued at $2,854,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William T. Monahan sold 10,000 shares of Pentair PLC. stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $70.27, for a total value of $702,700.00. Following the transaction, the director now owns 50,656 shares of the company’s stock, valued at approximately $3,559,597.12. The disclosure for this sale can be found here. Insiders have sold 217,632 shares of company stock valued at $14,783,286 in the last quarter. 9.90% of the stock is currently owned by corporate insiders.

A number of research firms recently issued reports on PNR. Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 target price on shares of Pentair PLC. in a research report on Thursday, September 21st. BidaskClub downgraded Pentair PLC. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. BMO Capital Markets lifted their target price on Pentair PLC. from $78.00 to $79.00 and gave the company a “market perform” rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $67.00 target price on shares of Pentair PLC. in a research report on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $70.92.

Pentair PLC. (PNR) traded down $0.35 during trading on Friday, reaching $69.16. The company had a trading volume of 173,177 shares, compared to its average volume of 803,847. Pentair PLC. has a fifty-two week low of $55.76 and a fifty-two week high of $71.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.59 and a quick ratio of 1.05. The company has a market capitalization of $12,622.84, a PE ratio of 20.57, a P/E/G ratio of 1.85 and a beta of 1.40.

Pentair PLC. (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. Pentair PLC. had a return on equity of 13.39% and a net margin of 12.50%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company posted $0.78 earnings per share. Pentair PLC.’s quarterly revenue was up 1.3% on a year-over-year basis. sell-side analysts anticipate that Pentair PLC. will post 3.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 3rd. Investors of record on Friday, October 20th were issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, October 19th. Pentair PLC.’s payout ratio is currently 41.82%.

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Pentair PLC. 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.

Institutional Ownership by Quarter for Pentair PLC. (NYSE:PNR)

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