Insider Selling: Pentair PLC. (PNR) CFO Sells 2,392 Shares of Stock

Pentair PLC. (NYSE:PNR) CFO John L. Stauch sold 2,392 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $70.30, for a total value of $168,157.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Pentair PLC. (PNR) remained flat at $$73.56 during trading hours on Thursday. 731,971 shares of the company’s stock were exchanged, compared to its average volume of 882,987. The stock has a market cap of $13,360.00, a P/E ratio of 35.03, a P/E/G ratio of 1.74 and a beta of 1.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.59. Pentair PLC. has a fifty-two week low of $57.44 and a fifty-two week high of $74.84.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, January 25th. This is an increase from Pentair’s previous quarterly dividend of $0.35. Pentair’s dividend payout ratio is 65.71%.

Large investors have recently made changes to their positions in the business. New York State Common Retirement Fund grew its stake in Pentair by 1.2% in the 3rd quarter. New York State Common Retirement Fund now owns 542,462 shares of the industrial products company’s stock valued at $36,866,000 after purchasing an additional 6,500 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Pentair by 4.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 45,892 shares of the industrial products company’s stock valued at $3,119,000 after purchasing an additional 2,047 shares during the period. AXA lifted its position in shares of Pentair by 2,664.8% during the 3rd quarter. AXA now owns 476,465 shares of the industrial products company’s stock valued at $32,380,000 after buying an additional 459,232 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Pentair by 11.0% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 323,672 shares of the industrial products company’s stock valued at $21,997,000 after buying an additional 31,990 shares during the last quarter. Finally, Trian Fund Management L.P. lifted its position in shares of Pentair 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 valued at $1,011,470,000 after buying an additional 862,769 shares during the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.

PNR has been the subject of several recent research reports. Jefferies Group reiterated a “hold” rating and set a $59.00 price target on shares of Pentair in a report on Thursday, September 21st. Morgan Stanley reiterated an “equal weight” rating and set a $74.00 price target (up previously from $70.00) on shares of Pentair in a report on Monday, October 2nd. Cowen reiterated an “underperform” rating and set a $61.00 price target (up previously from $59.00) on shares of Pentair in a report on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $67.00 price target on shares of Pentair in a report on Wednesday, October 4th. Finally, Robert W. Baird reiterated a “hold” rating and set a $70.00 price target on shares of Pentair in a report on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $70.91.

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About Pentair

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.

Insider Buying and Selling by Quarter for Pentair (NYSE:PNR)

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