Mitsubishi UFJ Kokusai Asset Management Co. Ltd. cut its stake in shares of Pentair PLC. (NYSE:PNR) by 23.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,760 shares of the industrial products company’s stock after selling 8,156 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Pentair PLC. were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Wedge Capital Management L L P NC grew its holdings in shares of Pentair PLC. by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 190,079 shares of the industrial products company’s stock valued at $12,918,000 after purchasing an additional 17,475 shares during the last quarter. Perkins Capital Management Inc. grew its holdings in Pentair PLC. by 18.4% during the 3rd quarter. Perkins Capital Management Inc. now owns 14,150 shares of the industrial products company’s stock worth $962,000 after acquiring an additional 2,200 shares during the last quarter. Andra AP fonden grew its holdings in Pentair PLC. by 56.3% during the 3rd quarter. Andra AP fonden now owns 38,300 shares of the industrial products company’s stock worth $2,603,000 after acquiring an additional 13,800 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Pentair PLC. by 13.2% during the 3rd quarter. Victory Capital Management Inc. now owns 6,407 shares of the industrial products company’s stock worth $435,000 after acquiring an additional 749 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in Pentair PLC. during the 3rd quarter worth approximately $782,000. 84.56% of the stock is currently owned by institutional investors.

In other Pentair PLC. news, Director Ronald Merriman sold 5,200 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $67.00, for a total transaction of $348,400.00. Following the completion of the transaction, the director now owns 21,538 shares in the company, valued at $1,443,046. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William T. Monahan sold 10,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $70.27, for a total transaction of $702,700.00. Following the transaction, the director now owns 50,656 shares of the company’s stock, valued at approximately $3,559,597.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,586 shares of company stock valued at $1,850,853. 9.90% of the stock is owned by company insiders.

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A number of equities research analysts have weighed in on PNR shares. Bank of America Corporation reissued a “sell” rating and set a $65.00 target price on shares of Pentair PLC. in a report on Wednesday, July 26th. Morgan Stanley reissued an “equal weight” rating and set a $70.00 target price (up from $69.00) on shares of Pentair PLC. in a report on Wednesday, July 26th. Zacks Investment Research lowered shares of Pentair PLC. from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub lowered shares of Pentair PLC. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets reissued a “hold” rating and set a $70.00 target price on shares of Pentair PLC. in a report on Wednesday, September 6th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.92.

Pentair PLC. (NYSE:PNR) opened at $68.05 on Monday. The firm has a market cap of $12,357.70, a PE ratio of 20.13, a P/E/G ratio of 1.81 and a beta of 1.40. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. Pentair PLC. has a 1 year low of $55.76 and a 1 year high of $71.65.

Pentair PLC. (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. Pentair PLC. had a net margin of 12.50% and a return on equity of 13.39%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. equities analysts forecast that Pentair PLC. will post 3.53 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 3rd. Investors of record on Friday, October 20th were given a dividend of $0.345 per share. The ex-dividend date of this dividend was Thursday, October 19th. This represents a $1.38 annualized dividend and a yield of 2.03%. Pentair PLC.’s payout ratio is currently 41.82%.

About Pentair PLC.

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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