Pentair PLC (NYSE:PNR)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $58.24, but opened at $58.74. Pentair PLC shares last traded at $59.38, with a volume of 490,749 shares changing hands.

Several equities analysts recently commented on the stock. Susquehanna increased their target price on shares of Pentair PLC from $63.00 to $67.00 and gave the company a “positive” rating in a report on Wednesday, April 27th. Canaccord Genuity reaffirmed a “hold” rating on shares of Pentair PLC in a report on Tuesday, April 26th. Zacks Investment Research lowered shares of Pentair PLC from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. BMO Capital Markets assumed coverage on shares of Pentair PLC in a report on Tuesday, April 5th. They set a “market perform” rating and a $50.00 target price on the stock. Finally, Royal Bank Of Canada increased their target price on shares of Pentair PLC from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, April 27th. Fifteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $58.56.

The firm’s market capitalization is $11.10 billion. The stock has a 50-day moving average of $59.76 and a 200 day moving average of $53.19.

Pentair PLC (NYSE:PNR) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.05. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.56 billion. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. Equities research analysts anticipate that Pentair PLC will post $4.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 5th. Shareholders of record on Friday, July 22nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Wednesday, July 20th.

In other news, Chairman Randall J. Hogan sold 105,483 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $60.42, for a total transaction of $6,373,282.86. Following the completion of the sale, the chairman now directly owns 2,622 shares of the company’s stock, valued at $158,421.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karl R. Frykman sold 11,900 shares of the business’s stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $60.00, for a total transaction of $714,000.00. Following the sale, the insider now directly owns 33,351 shares of the company’s stock, valued at $2,001,060. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its stake in shares of Pentair PLC by 0.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 27,527 shares of the company’s stock worth $1,363,000 after buying an additional 100 shares in the last quarter. Intrust Bank NA raised its stake in shares of Pentair PLC by 1.6% in the fourth quarter. Intrust Bank NA now owns 26,511 shares of the company’s stock worth $1,313,000 after buying an additional 429 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Pentair PLC by 2.4% in the fourth quarter. LS Investment Advisors LLC now owns 39,402 shares of the company’s stock worth $1,952,000 after buying an additional 923 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Pentair PLC by 0.9% in the fourth quarter. Rhumbline Advisers now owns 247,509 shares of the company’s stock worth $12,259,000 after buying an additional 2,192 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Pentair PLC by 1.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 201,848 shares of the company’s stock worth $9,998,000 after buying an additional 2,828 shares in the last quarter.

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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