Pentair plc. Ordinary Share (NYSE:PNR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $61.89, but opened at $62.20. Pentair plc. Ordinary Share shares last traded at $63.71, with a volume of 658,414 shares trading hands.

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Pentair plc. Ordinary Share in a report on Monday, June 27th. FBR & Co upgraded Pentair plc. Ordinary Share from a “market perform” rating to an “outperform” rating in a research note on Friday, June 10th. Seaport Global Securities upgraded Pentair plc. Ordinary Share from a “neutral” rating to a “buy” rating and upped their target price for the stock from $59.00 to $70.00 in a research note on Friday, June 10th. Robert W. Baird restated a “neutral” rating and issued a $60.00 target price on shares of Pentair plc. Ordinary Share in a research note on Tuesday, June 7th. Finally, Sterne Agee CRT restated a “neutral” rating on shares of Pentair plc. Ordinary Share in a research note on Monday, May 16th. Fifteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Pentair plc. Ordinary Share has an average rating of “Hold” and a consensus target price of $58.56.

The company’s 50 day moving average is $59.99 and its 200-day moving average is $53.40. The company’s market capitalization is $11.49 billion.

Pentair plc. Ordinary Share (NYSE:PNR) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.05. The company earned $1.60 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm earned $0.76 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Equities analysts forecast that Pentair plc. Ordinary Share will post $4.05 EPS for the current year.

The firm also recently announced 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 annualized dividend and a yield of 2.12%. The ex-dividend date is Wednesday, July 20th.

In other Pentair plc. Ordinary Share news, Chairman Randall J. Hogan sold 210,966 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $60.71, for a total transaction of $12,807,745.86. Following the transaction, the chairman now owns 2,622 shares in the company, valued at approximately $159,181.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karl R. Frykman sold 11,900 shares of the business’s stock in a transaction that occurred on Wednesday, April 27th. The stock was sold at an average price of $60.00, for a total value of $714,000.00. Following the transaction, the insider now owns 33,351 shares in the company, valued at approximately $2,001,060. The disclosure for this sale can be found here.

Other institutional investors have added to or reduced their stakes in the company. BHF Kleinwort Benson Group S.A. acquired a new position in Pentair plc. Ordinary Share during the fourth quarter valued at about $46,489,000. Vanguard Group Inc. boosted its position in Pentair plc. Ordinary Share by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 15,065,442 shares of the company’s stock valued at $746,192,000 after buying an additional 411,932 shares during the last quarter. First Trust Advisors LP boosted its position in Pentair plc. Ordinary Share by 214.3% in the fourth quarter. First Trust Advisors LP now owns 289,787 shares of the company’s stock valued at $14,353,000 after buying an additional 197,585 shares during the last quarter. Sei Investments Co. boosted its position in Pentair plc. Ordinary Share by 446.1% in the fourth quarter. Sei Investments Co. now owns 149,715 shares of the company’s stock valued at $7,415,000 after buying an additional 122,299 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Pentair plc. Ordinary Share by 1,023.9% in the fourth quarter. Teacher Retirement System of Texas now owns 108,191 shares of the company’s stock valued at $5,359,000 after buying an additional 98,565 shares during 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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