Public Employees Retirement Association of Colorado Has $2.31 Million Position in Pentair plc. Ordinary Share (PNR)

Public Employees Retirement Association of Colorado boosted its holdings in Pentair plc. Ordinary Share (NYSE:PNR) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 32,732 shares of the industrial products company’s stock after buying an additional 1,055 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Pentair plc. Ordinary Share were worth $2,312,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Iridian Asset Management LLC CT acquired a new position in Pentair plc. Ordinary Share in the fourth quarter valued at $247,140,000. Wells Fargo & Company MN increased its stake in Pentair plc. Ordinary Share by 0.5% in the third quarter. Wells Fargo & Company MN now owns 2,409,123 shares of the industrial products company’s stock valued at $163,724,000 after purchasing an additional 11,035 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Pentair plc. Ordinary Share by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,163,251 shares of the industrial products company’s stock valued at $147,004,000 after purchasing an additional 45,001 shares during the last quarter. TCW Group Inc. increased its stake in Pentair plc. Ordinary Share by 1.5% in the third quarter. TCW Group Inc. now owns 1,417,120 shares of the industrial products company’s stock valued at $96,307,000 after purchasing an additional 21,559 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Pentair plc. Ordinary Share by 5.4% in the third quarter. Neuberger Berman Group LLC now owns 644,196 shares of the industrial products company’s stock valued at $43,780,000 after purchasing an additional 33,019 shares during the last quarter. Hedge funds and other institutional investors own 86.25% of the company’s stock.

In related news, Director Trian Fund Management, L.P. bought 384,571 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $68.41 per share, with a total value of $26,308,502.11. Following the completion of the transaction, the director now directly owns 1,122 shares of the company’s stock, valued at $76,756.02. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO John L. Stauch sold 2,392 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $70.30, for a total value of $168,157.60. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by insiders.

Shares of Pentair plc. Ordinary Share (NYSE PNR) opened at $70.81 on Thursday. Pentair plc. Ordinary Share has a 1 year low of $57.63 and a 1 year high of $74.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.46. The stock has a market capitalization of $12,600.00, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.71 and a beta of 1.38.

Pentair plc. Ordinary Share (NYSE:PNR) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.93. Pentair plc. Ordinary Share had a return on equity of 13.41% and a net margin of 13.50%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. equities research analysts forecast that Pentair plc. Ordinary Share will post 4.03 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 26th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, January 25th. This is an increase from Pentair plc. Ordinary Share’s previous quarterly dividend of $0.35. Pentair plc. Ordinary Share’s payout ratio is 39.66%.

Several research firms recently commented on PNR. ValuEngine upgraded Pentair plc. Ordinary Share from a “hold” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets dropped their target price on Pentair plc. Ordinary Share from $80.00 to $78.00 and set a “market perform” rating for the company in a research note on Wednesday. Stifel Nicolaus reiterated a “hold” rating and issued a $78.00 target price on shares of Pentair plc. Ordinary Share in a research note on Wednesday, January 31st. UBS Group lowered Pentair plc. Ordinary Share from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, KeyCorp upped their target price on Pentair plc. Ordinary Share from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $72.09.

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Pentair plc. Ordinary Share 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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Institutional Ownership by Quarter for Pentair plc. Ordinary Share (NYSE:PNR)

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