First Mercantile Trust Co. reduced its stake in shares of Pentair PLC. (NYSE:PNR) by 61.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,400 shares of the industrial products company’s stock after selling 10,200 shares during the period. First Mercantile Trust Co.’s holdings in Pentair PLC. were worth $426,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Mcrae Capital Management Inc. boosted its position in shares of Pentair PLC. by 10.3% in the first quarter. Mcrae Capital Management Inc. now owns 28,532 shares of the industrial products company’s stock valued at $1,791,000 after buying an additional 2,665 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Pentair PLC. by 4.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,649 shares of the industrial products company’s stock valued at $2,932,000 after buying an additional 2,100 shares during the last quarter. Dai Ichi Life Insurance Company Ltd boosted its position in shares of Pentair PLC. by 736.2% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 136,301 shares of the industrial products company’s stock valued at $8,557,000 after buying an additional 120,000 shares during the last quarter. BlackRock Inc. boosted its position 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 valued at $726,001,000 after buying an additional 10,874,699 shares during the last quarter. Finally, Regentatlantic Capital LLC boosted its position 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. 86.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Pentair PLC. (PNR) opened at 62.38 on Thursday. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.03. The stock’s 50 day moving average is $64.42 and its 200 day moving average is $63.22. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 18.36 and a beta of 1.38.

Pentair PLC. (NYSE:PNR) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, meeting the Zacks’ 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 net margin of 12.86% and a return on equity of 13.17%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 earnings per share. On average, equities analysts forecast that Pentair PLC. will post $3.51 EPS for the current year.

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Several equities analysts recently weighed in on PNR shares. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $61.00 price target on shares of Pentair PLC. in a research report on Thursday, June 1st. Zacks Investment Research cut shares of Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub cut shares of Pentair PLC. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price target on shares of Pentair PLC. in a research report on Tuesday, June 6th. Finally, Stifel Nicolaus raised their price target on shares of Pentair PLC. from $63.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $66.86.

In related news, insider Mark C. Borin sold 7,500 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $67.11, for a total transaction of $503,325.00. Following the transaction, the insider now owns 16,857 shares in the company, valued at $1,131,273.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Randall J. Hogan sold 220,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $66.03, for a total transaction of $14,526,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 237,500 shares of company stock worth $15,706,725. 9.90% 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.

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

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