TCW Group Inc. boosted its stake in Pentair PLC. (NYSE:PNR) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,417,120 shares of the industrial products company’s stock after purchasing an additional 21,559 shares during the period. TCW Group Inc. owned approximately 0.78% of Pentair PLC. worth $96,307,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Huntington National Bank increased its holdings in Pentair PLC. by 126.8% in the 2nd quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 843 shares in the last quarter. Korea Investment CORP increased its holdings in Pentair PLC. by 142.7% in the 2nd quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 942 shares in the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Pentair PLC. by 6.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 111 shares in the last quarter. Krilogy Financial LLC increased its holdings in Pentair PLC. by 121.2% in the 2nd quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Penserra Capital Management LLC increased its holdings in Pentair PLC. by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 2,444 shares of the industrial products company’s stock valued at $162,000 after purchasing an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

In other news, Director Ronald Merriman sold 5,200 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $67.00, for a total transaction of $348,400.00. Following the transaction, the director now owns 21,538 shares of the company’s stock, valued at $1,443,046. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William T. Monahan sold 10,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $70.27, for a total transaction of $702,700.00. Following the transaction, the director now directly owns 50,656 shares in the company, valued at approximately $3,559,597.12. The disclosure for this sale can be found here. Insiders have sold 26,586 shares of company stock worth $1,850,853 in the last ninety days. Corporate insiders own 9.90% of the company’s stock.

Shares of Pentair PLC. (NYSE:PNR) traded down $0.76 during mid-day trading on Tuesday, hitting $67.51. 242,981 shares of the stock traded hands, compared to its average volume of 983,650. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.30. Pentair PLC. has a twelve month low of $55.76 and a twelve month high of $71.65. The company has a market capitalization of $12,357.70, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.81 and a beta of 1.40.

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

The business also recently declared a quarterly dividend, which was paid on Friday, November 3rd. Stockholders of record on Friday, October 20th were given a dividend of $0.345 per share. The ex-dividend date was Thursday, October 19th. This represents a $1.38 annualized dividend and a dividend yield of 2.04%. Pentair PLC.’s payout ratio is 41.82%.

Several analysts recently issued reports on PNR shares. BidaskClub downgraded Pentair PLC. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. KeyCorp reiterated a “buy” rating and issued a $77.00 price target on shares of Pentair PLC. in a report on Thursday, October 12th. Zacks Investment Research upgraded Pentair PLC. from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Friday, October 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $76.00 price target (up from $75.00) on shares of Pentair PLC. in a report on Wednesday, October 25th. Finally, Robert W. Baird increased their price target on Pentair PLC. from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $70.92.

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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.

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

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