Shares of Pentair PLC (NYSE:PNR) saw an uptick in trading volume on Friday . 1,846,913 shares were traded during mid-day trading, an increase of 22% from the previous session’s volume of 1,516,224 shares.The stock last traded at $62.60 and had previously closed at $61.98.

A number of research firms recently weighed in on PNR. Morgan Stanley increased their price target on Pentair PLC from $55.00 to $60.00 in a research note on Thursday, April 7th. Zacks Investment Research cut Pentair PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Canaccord Genuity restated a “hold” rating on shares of Pentair PLC in a research note on Tuesday, April 26th. Royal Bank Of Canada increased their price target on Pentair PLC from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, April 27th. Finally, Sanford C. Bernstein upgraded Pentair PLC from a “market perform” rating to an “outperform” rating and increased their price target for the company from $56.00 to $71.00 in a research note on Wednesday, April 27th. Fifteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $57.67.

The firm has a 50 day moving average of $60.53 and a 200 day moving average of $54.08. The firm’s market capitalization is $11.31 billion.

Pentair PLC (NYSE:PNR) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.05. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.56 billion. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. Analysts predict that Pentair PLC will post $4.05 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 5th. Shareholders of record on Friday, July 22nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 20th. This represents a $1.32 annualized dividend and a dividend yield of 2.11%.

In other Pentair PLC news, Chairman Randall J. Hogan sold 105,483 shares of the business’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $60.42, for a total value of $6,373,282.86. Following the sale, the chairman now directly owns 2,622 shares in the company, valued at $158,421.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $714,000.00. Following the completion of the sale, the insider now owns 33,351 shares in the company, valued at $2,001,060. The disclosure for this sale can be found here.

Several hedge funds have recently modified their holdings of the stock. Utah Retirement Systems raised its stake in shares of Pentair PLC by 0.3% in the fourth quarter. Utah Retirement Systems now owns 32,184 shares of the company’s stock valued at $1,594,000 after buying an additional 100 shares during 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 valued at $1,952,000 after buying an additional 923 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of Pentair PLC by 104.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 46,010 shares of the company’s stock valued at $2,279,000 after buying an additional 23,545 shares during the last quarter. Andra AP fonden raised its stake in shares of Pentair PLC by 9.9% in the fourth quarter. Andra AP fonden now owns 57,600 shares of the company’s stock valued at $2,853,000 after buying an additional 5,200 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Pentair PLC by 17.7% in the fourth quarter. KBC Group NV now owns 74,796 shares of the company’s stock valued at $3,704,000 after buying an additional 11,259 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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