Pentair PLC. (PNR) Director Sells $702,700.00 in Stock
Pentair PLC. (NYSE:PNR) Director William T. Monahan sold 10,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $70.27, for a total value of $702,700.00. Following the transaction, the director now directly owns 50,656 shares in the company, valued at approximately $3,559,597.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Pentair PLC. (PNR) traded up $0.10 during mid-day trading on Friday, hitting $69.36. The company’s stock had a trading volume of 668,301 shares, compared to its average volume of 873,847. The company has a market cap of $12,699.11, a P/E ratio of 20.69 and a beta of 1.40.
Pentair PLC. (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $0.78 EPS. The company’s quarterly revenue 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 fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 3rd. Shareholders of record on Friday, October 20th will be given a $0.345 dividend. The ex-dividend date is Thursday, October 19th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.99%. Pentair PLC.’s dividend payout ratio is currently 41.82%.
Hedge funds have recently made changes to their positions in the business. Huntington National Bank lifted its position in shares of Pentair PLC. by 126.8% in the 2nd quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 843 shares during the period. Korea Investment CORP lifted its position in shares of Pentair PLC. by 142.7% in the 2nd quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 942 shares during the period. YorkBridge Wealth Partners LLC lifted its position in shares of Pentair PLC. by 6.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 111 shares during the period. Krilogy Financial LLC lifted its position in shares of Pentair PLC. by 121.2% in the 2nd quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 1,250 shares during the period. Finally, Penserra Capital Management LLC lifted its position in shares of Pentair PLC. by 13.0% in the 2nd quarter. Penserra Capital Management LLC now owns 2,444 shares of the industrial products company’s stock worth $162,000 after acquiring an additional 282 shares during the period. Institutional investors own 85.70% of the company’s stock.
A number of brokerages have recently commented on PNR. BMO Capital Markets increased their price objective on Pentair PLC. from $78.00 to $79.00 and gave the company a “market perform” rating in a report on Wednesday, October 25th. Seaport Global Securities reissued a “buy” rating on shares of Pentair PLC. in a report on Wednesday, October 25th. Stifel Nicolaus reissued a “hold” rating and set a $76.00 price objective (up previously from $75.00) on shares of Pentair PLC. in a report on Wednesday, October 25th. Robert W. Baird increased their price objective on Pentair PLC. from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised Pentair PLC. from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.00.
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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