Bp Plc Has $1,530,000 Position in Pentair PLC. (NYSE:PNR)
Bp Plc continued to hold its stake in shares of Pentair PLC. (NYSE:PNR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,000 shares of the industrial products company’s stock at the end of the second quarter. Bp Plc’s holdings in Pentair PLC. were worth $1,530,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of PNR. Regentatlantic Capital LLC boosted its stake in shares of Pentair PLC. by 0.3% in the first quarter. Regentatlantic Capital LLC now owns 5,587 shares of the industrial products company’s stock valued at $351,000 after buying an additional 15 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Pentair PLC. by 0.6% in the first quarter. Keybank National Association OH now owns 4,329 shares of the industrial products company’s stock valued at $272,000 after buying an additional 24 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of Pentair PLC. by 0.7% in the first quarter. Cleararc Capital Inc. now owns 4,095 shares of the industrial products company’s stock valued at $257,000 after buying an additional 28 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Pentair PLC. by 1.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,037 shares of the industrial products company’s stock valued at $191,000 after buying an additional 50 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Pentair PLC. by 0.3% in the second quarter. CIBC Asset Management Inc now owns 16,405 shares of the industrial products company’s stock valued at $1,092,000 after buying an additional 54 shares during the last quarter. Institutional investors own 86.77% of the company’s stock.
Pentair PLC. (PNR) opened at 61.57 on Friday. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 18.12 and a beta of 1.38. The company’s 50-day moving average price is $64.69 and its 200 day moving average price is $63.18. Pentair PLC. has a 1-year low of $53.80 and a 1-year high of $69.03.
Pentair PLC. (NYSE:PNR) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned $1.11 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts expect that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.
Several brokerages have issued reports on PNR. BMO Capital Markets restated a “hold” rating and issued a $61.00 target price on shares of Pentair PLC. in a report on Wednesday, April 26th. KeyCorp upgraded Pentair PLC. from a “sector weight” rating to an “overweight” rating and set a $77.00 target price for the company in a report on Wednesday, May 17th. Jefferies Group LLC upped their target price on Pentair PLC. from $58.00 to $59.00 and gave the company a “hold” rating in a report on Friday, April 28th. Zacks Investment Research upgraded Pentair PLC. from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Wednesday, July 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $68.00 target price on shares of Pentair PLC. in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $66.86.
In other Pentair PLC. news, Chairman Randall J. Hogan sold 220,000 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $66.03, for a total transaction of $14,526,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Trian Fund Management, L.P. purchased 863,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of $65.25 per share, with a total value of $56,310,750.00. The disclosure for this purchase can be found here. In the last three months, 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 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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