Shares of Pentair PLC (NYSE:PNR) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $65.95 and last traded at $65.84, with a volume of 593,127 shares. The stock had previously closed at $64.37.

Several analysts have recently issued reports on the stock. Vertical Research assumed coverage on shares of Pentair PLC in a research note on Tuesday, July 19th. They issued a “hold” rating for the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Pentair PLC in a research note on Monday, June 27th. FBR & Co upgraded shares of Pentair PLC from a “market perform” rating to an “outperform” rating in a research note on Friday, June 10th. Seaport Global Securities upgraded shares of Pentair PLC 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. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $60.00 target price on shares of Pentair PLC in a research note on Tuesday, June 7th. Fifteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Pentair PLC currently has an average rating of “Hold” and an average target price of $57.67.

The stock’s market cap is $11.89 billion. The stock has a 50 day moving average price of $61.87 and a 200 day moving average price of $55.98.

Pentair PLC (NYSE:PNR) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.09 by $0.02. The business earned $1.70 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. Pentair PLC’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that Pentair PLC will post $4.09 EPS for the current year.

In related news, Chairman Randall J. Hogan sold 210,966 shares of Pentair PLC stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $60.71, for a total value of $12,807,745.86. Following the completion of the sale, the chairman now directly owns 2,622 shares in the company, valued at approximately $159,181.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Randall J. Hogan sold 105,483 shares of Pentair PLC stock in a transaction dated 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 completion of the sale, the chairman now owns 2,622 shares of the company’s stock, valued at $158,421.24. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC acquired a new stake in Pentair PLC during the fourth quarter valued at approximately $4,475,000. Dimensional Fund Advisors LP increased its stake in Pentair PLC by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,032,200 shares of the company’s stock valued at $100,662,000 after buying an additional 18,532 shares during the last quarter. KBC Group NV increased its stake in 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. Andra AP fonden increased its stake in 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, Principal Financial Group Inc. increased its stake in Pentair PLC by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 266,148 shares of the company’s stock valued at $13,183,000 after buying an additional 4,193 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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