Tower Research Capital LLC TRC purchased a new position in Pentair PLC (NYSE:PNR) during the second quarter, Holdings Channel reports. The institutional investor purchased 5,420 shares of the company’s stock, valued at approximately $316,000.

A number of other institutional investors also recently bought and sold shares of the company. FineMark National Bank & Trust increased its position in Pentair PLC by 0.6% in the second quarter. FineMark National Bank & Trust now owns 1,775 shares of the company’s stock worth $104,000 after buying an additional 11 shares in the last quarter. Citizens Financial Group Inc RI raised its stake in Pentair PLC by 1,057.1% in the first quarter. Citizens Financial Group Inc RI now owns 2,268 shares of the company’s stock valued at $123,000 after buying an additional 2,072 shares during the last quarter. IFP Advisors Inc raised its stake in Pentair PLC by 6.8% in the first quarter. IFP Advisors Inc now owns 2,380 shares of the company’s stock valued at $129,000 after buying an additional 151 shares during the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in Pentair PLC by 87.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,321 shares of the company’s stock valued at $135,000 after buying an additional 1,083 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Pentair PLC by 12.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,101 shares of the company’s stock valued at $168,000 after buying an additional 346 shares during the last quarter. 82.61% of the stock is currently owned by institutional investors.

Pentair PLC (NYSE:PNR) opened at 59.81 on Tuesday. The stock’s market capitalization is $10.83 billion. Pentair PLC has a 52-week low of $41.57 and a 52-week high of $66.99. The stock has a 50 day moving average of $63.36 and a 200 day moving average of $59.09.

Pentair PLC (NYSE:PNR) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.02. The company earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Pentair PLC had a net margin of 6.91% and a return on equity of 17.25%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS. On average, equities research analysts forecast that Pentair PLC will post $3.12 EPS for the current year.

Several equities research analysts have recently issued reports on PNR shares. Zacks Investment Research lowered shares of Pentair PLC from a “hold” rating to a “strong sell” rating in a research report on Monday, August 29th. Cowen and Company lowered shares of Pentair PLC from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $64.05 to $55.00 in a research report on Thursday, September 1st. Sanford C. Bernstein reissued an “outperform” rating on shares of Pentair PLC in a research report on Monday, June 27th. Morgan Stanley reissued a “hold” rating and issued a $68.00 price objective on shares of Pentair PLC in a research report on Friday, August 26th. Finally, Buckingham Research reaffirmed a “neutral” rating and set a $62.00 price target on shares of Pentair PLC in a report on Sunday, August 21st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Pentair PLC presently has an average rating of “Hold” and a consensus price target of $59.42.

In other news, Chairman Randall J. Hogan sold 3,200 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $64.00, for a total transaction of $204,800.00. Following the transaction, the chairman now owns 5,522 shares of the company’s stock, valued at approximately $353,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Randall J. Hogan sold 102,282 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $64.00, for a total value of $6,546,048.00. Following the transaction, the chairman now directly owns 104,904 shares in the company, valued at approximately $6,713,856. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:PNR

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