Insider Selling: Pentair PLC. (PNR) Insider Sells 11,386 Shares of Stock
Pentair PLC. (NYSE:PNR) insider Karl R. Frykman sold 11,386 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $70.24, for a total value of $799,752.64. Following the sale, the insider now directly owns 36,476 shares of the company’s stock, valued at $2,562,074.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Pentair PLC. (NYSE PNR) traded up $0.10 during trading hours on Friday, hitting $69.36. The stock had a trading volume of 668,301 shares, compared to its average volume of 873,847. The firm has a market cap of $12,699.11, a PE ratio of 20.69 and a beta of 1.40.
Pentair PLC. (NYSE:PNR) last announced its earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.02. Pentair PLC. had a return on equity of 13.39% and a net margin of 12.50%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.78 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. equities analysts anticipate that Pentair PLC. will post 3.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Friday, October 20th will be paid a dividend of $0.345 per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $1.38 annualized dividend and a yield of 1.99%. Pentair PLC.’s dividend payout ratio (DPR) is 41.82%.
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A number of hedge funds have recently made changes to their positions in PNR. Lord Abbett & CO. LLC grew its stake in Pentair PLC. by 193.2% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,327,823 shares of the industrial products company’s stock worth $88,353,000 after buying an additional 875,023 shares during the last quarter. Trian Fund Management L.P. grew its stake in Pentair PLC. by 6.0% during the 2nd quarter. Trian Fund Management L.P. now owns 15,200,931 shares of the industrial products company’s stock worth $1,011,470,000 after buying an additional 862,769 shares during the last quarter. BlackRock Inc. grew its stake in Pentair PLC. by 5.1% during the 2nd quarter. BlackRock Inc. now owns 12,152,997 shares of the industrial products company’s stock worth $808,662,000 after buying an additional 588,818 shares during the last quarter. Bain Capital Public Equity Management LLC grew its stake in Pentair PLC. by 67.3% during the 2nd quarter. Bain Capital Public Equity Management LLC now owns 1,321,273 shares of the industrial products company’s stock worth $87,918,000 after buying an additional 531,652 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Pentair PLC. by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 16,159,434 shares of the industrial products company’s stock worth $1,075,249,000 after buying an additional 392,842 shares during the last quarter. Hedge funds and other institutional investors own 85.70% of the company’s stock.
A number of equities research analysts recently issued reports on PNR shares. BMO Capital Markets reissued a “hold” rating and set a $70.00 price target on shares of Pentair PLC. in a research note on Wednesday, September 6th. Zacks Investment Research lowered Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. KeyCorp reaffirmed a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a research report on Thursday, October 12th. 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. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $70.00 target price (up from $69.00) on shares of Pentair PLC. in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $70.00.
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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