Foster Dykema Cabot & Co. Inc. MA Has $4.61 Million Position in Pentair PLC. (PNR)
Foster Dykema Cabot & Co. Inc. MA reduced its position in shares of Pentair PLC. (NYSE:PNR) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,214 shares of the industrial products company’s stock after selling 4,274 shares during the period. Pentair PLC. makes up about 0.8% of Foster Dykema Cabot & Co. Inc. MA’s portfolio, making the stock its 20th largest position. Foster Dykema Cabot & Co. Inc. MA’s holdings in Pentair PLC. were worth $4,605,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in PNR. First Manhattan Co. raised its stake in Pentair PLC. by 7.5% in the first quarter. First Manhattan Co. now owns 84,336 shares of the industrial products company’s stock worth $5,417,000 after buying an additional 5,901 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Pentair PLC. by 6.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,604 shares of the industrial products company’s stock worth $270,000 after buying an additional 273 shares during the last quarter. Nationwide Fund Advisors raised its stake in Pentair PLC. by 16.6% in the first quarter. Nationwide Fund Advisors now owns 53,028 shares of the industrial products company’s stock worth $3,329,000 after buying an additional 7,563 shares during the last quarter. Retirement Systems of Alabama raised its stake in Pentair PLC. by 2.0% in the first quarter. Retirement Systems of Alabama now owns 80,822 shares of the industrial products company’s stock worth $5,074,000 after buying an additional 1,573 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Pentair PLC. during the first quarter worth approximately $207,000. 86.77% of the stock is owned by institutional investors and hedge funds.
Pentair PLC. (PNR) opened at 61.57 on Friday. Pentair PLC. has a 1-year low of $53.80 and a 1-year high of $69.03. The company has a market cap of $11.17 billion, a P/E ratio of 18.12 and a beta of 1.38. The stock’s 50 day moving average price is $64.69 and its 200 day moving average price is $63.18.
Pentair PLC. (NYSE:PNR) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. Pentair PLC.’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the business posted $1.11 EPS. On average, equities analysts anticipate that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.
A number of research firms recently commented on PNR. Wolfe Research began coverage on Pentair PLC. in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. Zacks Investment Research lowered Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a research report on Wednesday, July 12th. BMO Capital Markets raised their target price on Pentair PLC. from $61.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, May 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $59.00 target price on shares of Pentair PLC. in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $66.86.
In related news, Director Edward P. Garden bought 398,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of $65.13 per share, with a total value of $25,921,740.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Trian Fund Management, L.P. bought 863,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $65.25 per share, for a total transaction of $56,310,750.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,726,000 shares of company stock worth $112,619,140 and have sold 237,500 shares worth $15,706,725. Company insiders own 9.90% of the company’s stock.
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.
Want to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair PLC. (NYSE:PNR).
Receive News & Ratings for Pentair PLC. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair PLC. and related companies with MarketBeat.com's FREE daily email newsletter.