Crossmark Global Holdings Inc. bought a new stake in shares of Pentair PLC. (NYSE:PNR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,506 shares of the industrial products company’s stock, valued at approximately $782,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Pentair PLC. by 4.7% during 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 in the last quarter. Calamos Advisors LLC boosted its stake in shares of Pentair PLC. by 3.8% during the 3rd quarter. Calamos Advisors LLC now owns 81,299 shares of the industrial products company’s stock valued at $5,525,000 after purchasing an additional 2,979 shares in the last quarter. Meyer Handelman Co. boosted its stake in Pentair PLC. by 6.4% during the third quarter. Meyer Handelman Co. now owns 51,610 shares of the industrial products company’s stock worth $3,508,000 after acquiring an additional 3,112 shares in the last quarter. Aperio Group LLC boosted its stake in Pentair PLC. by 11.7% during the third quarter. Aperio Group LLC now owns 96,677 shares of the industrial products company’s stock worth $6,570,000 after acquiring an additional 10,132 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Pentair PLC. by 10.1% during the third quarter. First Trust Advisors LP now owns 157,749 shares of the industrial products company’s stock worth $10,721,000 after acquiring an additional 14,486 shares in the last quarter. 84.56% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Karl R. Frykman sold 11,386 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $70.24, for a total transaction of $799,752.64. Following the completion of the transaction, the insider now directly owns 36,476 shares of the company’s stock, valued at $2,562,074.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Merriman sold 5,200 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $67.00, for a total transaction of $348,400.00. Following the transaction, the director now directly owns 21,538 shares of the company’s stock, valued at $1,443,046. The disclosure for this sale can be found here. Insiders have sold 26,586 shares of company stock valued at $1,850,853 over the last three months. 9.90% of the stock is owned by corporate insiders.
Pentair PLC. (PNR) opened at $68.27 on Tuesday. 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 twelve month low of $55.76 and a twelve month high of $71.65. The firm has a market cap of $12,357.70, a P/E ratio of 20.13, a PEG ratio of 1.81 and a beta of 1.40.
Pentair PLC. (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02. Pentair PLC. had a net margin of 12.50% and a return on equity of 13.39%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $0.78 earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. analysts anticipate that Pentair PLC. will post 3.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 3rd. Stockholders of record on Friday, October 20th were issued a dividend of $0.345 per share. The ex-dividend date was Thursday, October 19th. This represents a $1.38 annualized dividend and a dividend yield of 2.02%. Pentair PLC.’s payout ratio is 41.82%.
Several equities research analysts recently commented on PNR shares. Zacks Investment Research lowered shares of Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Robert W. Baird reissued a “hold” rating and set a $70.00 price objective on shares of Pentair PLC. in a research note on Wednesday, October 4th. Jefferies Group LLC reissued a “hold” rating and set a $59.00 price objective on shares of Pentair PLC. in a research note on Thursday, September 21st. BidaskClub lowered shares of Pentair PLC. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, BMO Capital Markets reissued a “hold” rating and set a $70.00 price objective on shares of Pentair PLC. in a research note 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 company. Pentair PLC. presently has an average rating of “Hold” and an average price target of $70.92.
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Pentair PLC. 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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