Chevy Chase Trust Holdings Inc. increased its position in Pentair PLC (NYSE:PNR) by 3.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,141 shares of the industrial products company’s stock after purchasing an additional 4,382 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Pentair worth $5,373,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Pentair by 6.4% during the third quarter. State Street Corp now owns 10,977,057 shares of the industrial products company’s stock valued at $414,933,000 after buying an additional 657,261 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Pentair by 4.6% during the third quarter. Voya Investment Management LLC now owns 78,643 shares of the industrial products company’s stock valued at $2,973,000 after buying an additional 3,465 shares during the last quarter. Mason Street Advisors LLC raised its holdings in shares of Pentair by 6.2% during the third quarter. Mason Street Advisors LLC now owns 23,942 shares of the industrial products company’s stock valued at $905,000 after buying an additional 1,388 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Pentair by 682.7% during the third quarter. Tower Research Capital LLC TRC now owns 5,009 shares of the industrial products company’s stock valued at $189,000 after buying an additional 4,369 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Pentair by 39.4% during the third quarter. First Trust Advisors LP now owns 483,781 shares of the industrial products company’s stock valued at $18,287,000 after buying an additional 136,812 shares during the last quarter. Institutional investors and hedge funds own 84.60% of the company’s stock.
Shares of NYSE:PNR opened at $43.79 on Tuesday. Pentair PLC has a 12 month low of $34.50 and a 12 month high of $45.70. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 3.60 and a beta of 1.23. The stock’s 50 day moving average price is $42.06 and its 200 day moving average price is $38.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.44 and a quick ratio of 0.88.
Pentair (NYSE:PNR) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Pentair had a return on equity of 21.35% and a net margin of 11.92%. The firm had revenue of $713.60 million for the quarter, compared to analysts’ expectations of $719.07 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts expect that Pentair PLC will post 2.35 EPS for the current year.
A number of research firms have recently weighed in on PNR. Jefferies Financial Group began coverage on Pentair in a report on Friday, September 20th. They set a “hold” rating on the stock. Morgan Stanley set a $43.00 price target on Pentair and gave the company a “hold” rating in a report on Friday, October 25th. Seaport Global Securities reaffirmed a “buy” rating on shares of Pentair in a report on Tuesday, October 15th. Finally, Zacks Investment Research raised Pentair from a “sell” rating to a “hold” rating and set a $44.00 price target on the stock in a report on Friday, October 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Pentair presently has a consensus rating of “Hold” and a consensus target price of $42.75.
In related news, Director Glynis Bryan sold 6,116 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $42.00, for a total transaction of $256,872.00. Following the sale, the director now owns 25,815 shares of the company’s stock, valued at $1,084,230. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by insiders.
Pentair plc provides various smart water solutions worldwide. It operates through three segments: Aquatic Systems, Filtration Solutions, and Flow Technologies. The Aquatic Systems segment manufactures and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, pool repair, renovation, service and construction, and aquaculture solution applications.
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