ING Groep NV bought a new position in Pentair PLC. (NYSE:PNR) during the second quarter, Holdings Channel reports. The firm bought 4,442 shares of the industrial products company’s stock, valued at approximately $296,000.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Pentair PLC. by 1,577.2% in the first quarter. BlackRock Inc. now owns 11,564,179 shares of the industrial products company’s stock worth $726,001,000 after buying an additional 10,874,699 shares during the period. Sound Shore Management Inc. CT bought a new stake in shares of Pentair PLC. during the first quarter worth about $133,129,000. Clearbridge Investments LLC raised its stake in shares of Pentair PLC. by 16.1% in the first quarter. Clearbridge Investments LLC now owns 6,133,909 shares of the industrial products company’s stock worth $385,087,000 after buying an additional 850,370 shares during the period. Wells Fargo & Company MN raised its stake in shares of Pentair PLC. by 36.9% in the first quarter. Wells Fargo & Company MN now owns 2,689,019 shares of the industrial products company’s stock worth $168,817,000 after buying an additional 724,791 shares during the period. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Pentair PLC. during the first quarter worth about $45,224,000. 86.77% of the stock is currently owned by institutional investors.

Shares of Pentair PLC. (NYSE:PNR) traded down 1.025% on Thursday, reaching $61.731. The company’s stock had a trading volume of 258,717 shares. The company has a 50 day moving average price of $64.89 and a 200 day moving average price of $63.17. The company has a market cap of $11.20 billion, a P/E ratio of 18.172 and a beta of 1.38. Pentair PLC. has a 52-week low of $53.80 and a 52-week high of $69.03.

Pentair PLC. (NYSE:PNR) last released its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.00. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS. On average, analysts anticipate that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 21st were issued a dividend of $0.345 per share. This represents a $1.38 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Wednesday, July 19th. Pentair PLC.’s dividend payout ratio (DPR) is presently 40.71%.

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A number of equities research analysts have recently issued reports on PNR shares. Jefferies Group LLC boosted their target price on Pentair PLC. from $58.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research lowered Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. TheStreet raised Pentair PLC. from a “c+” rating to a “b” rating in a research report on Monday, April 17th. Gabelli lowered Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $61.00 target price on shares of Pentair PLC. in a research report on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.86.

In other news, Chairman Randall J. Hogan sold 220,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $66.03, for a total value of $14,526,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. /Wi Jones sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $67.68, for a total value of $676,800.00. Following the completion of the transaction, the director now owns 20,804 shares of the company’s stock, valued at approximately $1,408,014.72. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 1,726,000 shares of company stock valued at $112,619,140 and have sold 237,500 shares valued at $15,706,725. 9.90% of the stock is currently owned by corporate 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.

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Institutional Ownership by Quarter for Pentair PLC. (NYSE:PNR)

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