PNC Financial Services Group Inc. lessened its stake in shares of Pentair PLC. (NYSE:PNR) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,073 shares of the industrial products company’s stock after selling 644 shares during the period. PNC Financial Services Group Inc. owned about 0.05% of Pentair PLC. worth $6,059,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Huntington National Bank raised its holdings in Pentair PLC. by 126.8% during the 2nd quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock worth $100,000 after buying an additional 843 shares during the period. Korea Investment CORP raised its holdings in Pentair PLC. by 142.7% during the 2nd quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock worth $107,000 after buying an additional 942 shares during the period. FNY Partners Fund LP acquired a new stake in Pentair PLC. during the 1st quarter worth about $125,000. Penserra Capital Management LLC raised its holdings in Pentair PLC. by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,444 shares of the industrial products company’s stock worth $162,000 after buying an additional 282 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in Pentair PLC. by 62.2% during the 1st quarter. Advisors Asset Management Inc. now owns 2,796 shares of the industrial products company’s stock worth $176,000 after buying an additional 1,072 shares during the period. Hedge funds and other institutional investors own 85.59% of the company’s stock.

Shares of Pentair PLC. (PNR) opened at 67.05 on Monday. Pentair PLC. has a 52 week low of $53.80 and a 52 week high of $69.03. The company has a 50 day moving average price of $62.44 and a 200 day moving average price of $63.89. The company has a market cap of $12.17 billion, a PE ratio of 19.74 and a beta of 1.40.

Pentair PLC. (NYSE:PNR) last announced its 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm earned $1.11 EPS. Pentair PLC.’s revenue for the quarter 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 year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Friday, October 20th will be given a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, October 19th. Pentair PLC.’s dividend payout ratio is presently 40.71%.

Several analysts have issued reports on PNR shares. BidaskClub downgraded Pentair PLC. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $77.00 price objective on shares of Pentair PLC. in a report on Tuesday, June 6th. Zacks Investment Research upgraded Pentair PLC. from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Tuesday, June 6th. Wolfe Research started coverage on Pentair PLC. in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $61.00 price objective on shares of Pentair PLC. in a report on Thursday, June 1st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Pentair PLC. presently has a consensus rating of “Hold” and a consensus price target of $67.23.

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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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