YorkBridge Wealth Partners LLC boosted its stake in Pentair PLC. (NYSE:PNR) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,829 shares of the industrial products company’s stock after purchasing an additional 111 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Pentair PLC. were worth $123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PNR. 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. FNY Partners Fund LP acquired a new stake in Pentair PLC. in the 1st quarter valued at $125,000. 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. Finally, Advisors Asset Management Inc. increased its holdings in Pentair PLC. by 62.2% in the 1st quarter. Advisors Asset Management Inc. now owns 2,796 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 1,072 shares in the last quarter. Hedge funds and other institutional investors own 85.59% of the company’s stock.

Shares of Pentair PLC. (PNR) traded up 1.18% during trading on Friday, hitting $67.96. 1,567,514 shares of the stock traded hands. The firm has a 50 day moving average price of $62.44 and a 200-day moving average price of $63.89. Pentair PLC. has a one year low of $53.80 and a one year high of $69.03. The company has a market cap of $12.33 billion, a PE ratio of 20.01 and a beta of 1.40.

Pentair PLC. (NYSE:PNR) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $1.27 billion for 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%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 EPS. Analysts anticipate that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Friday, October 20th will be issued a $0.345 dividend. The ex-dividend date is Thursday, October 19th. This represents a $1.38 annualized dividend and a yield of 2.03%. Pentair PLC.’s dividend payout ratio (DPR) is presently 40.71%.

Several brokerages recently issued reports on PNR. Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 price target on shares of Pentair PLC. in a report on Thursday, September 21st. Wolfe Research began coverage on Pentair PLC. in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded Pentair PLC. from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 price target on shares of Pentair PLC. in a report on Wednesday, July 12th. Finally, Stifel Nicolaus restated a “hold” rating and set a $68.00 target price on shares of Pentair PLC. in a research note on Friday, July 14th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Pentair PLC. currently has a consensus rating of “Hold” and a consensus price target of $67.33.

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Pentair PLC. 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. (NYSE:PNR)

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