JPMorgan Chase & Co. lowered its position in shares of Pentair PLC. (NYSE:PNR) by 28.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 509,816 shares of the industrial products company’s stock after selling 200,864 shares during the period. JPMorgan Chase & Co. owned about 0.28% of Pentair PLC. worth $33,922,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of PNR. BlackRock Inc. increased its position in shares of Pentair PLC. by 1,577.2% during the first quarter. BlackRock Inc. now owns 11,564,179 shares of the industrial products company’s stock worth $726,001,000 after purchasing an additional 10,874,699 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Pentair PLC. by 16.1% during the first quarter. Clearbridge Investments LLC now owns 6,133,909 shares of the industrial products company’s stock worth $385,087,000 after purchasing an additional 850,370 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Pentair PLC. during the first quarter worth about $45,224,000. FMR LLC increased its position in shares of Pentair PLC. by 16.0% during the first quarter. FMR LLC now owns 4,293,038 shares of the industrial products company’s stock worth $269,517,000 after purchasing an additional 591,429 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Pentair PLC. by 3.7% during the first quarter. Vanguard Group Inc. now owns 15,766,592 shares of the industrial products company’s stock worth $989,827,000 after purchasing an additional 557,786 shares in the last quarter. Institutional investors and hedge funds own 85.59% of the company’s stock.
Shares of Pentair PLC. (PNR) opened at 64.60 on Friday. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 19.02 and a beta of 1.40. Pentair PLC. has a 1-year low of $53.80 and a 1-year high of $69.03. The company has a 50-day moving average price of $62.27 and a 200-day moving average price of $63.72.
Pentair PLC. (NYSE:PNR) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 earnings per share. On average, equities analysts expect that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.
A number of analysts have recently commented on PNR shares. BMO Capital Markets lifted their target price on Pentair PLC. from $61.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 24th. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Cowen and Company lifted their target price on Pentair PLC. from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and set a $61.00 target price on shares of Pentair PLC. in a research report on Thursday, June 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a research report on Tuesday, June 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $67.23.
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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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