ProShare Advisors LLC Has $64.49 Million Holdings in Pentair PLC. (PNR)
ProShare Advisors LLC raised its position in Pentair PLC. (NYSE:PNR) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 969,154 shares of the industrial products company’s stock after acquiring an additional 8,480 shares during the quarter. ProShare Advisors LLC owned approximately 0.53% of Pentair PLC. worth $64,488,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank increased its position in shares of Pentair PLC. by 126.8% in the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 843 shares during the period. Korea Investment CORP increased its position in shares of Pentair PLC. by 142.7% in the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 942 shares during the period. FNY Partners Fund LP purchased a new position in shares of Pentair PLC. in the first quarter valued at about $125,000. Penserra Capital Management LLC increased its position in shares of Pentair PLC. by 13.0% in the second quarter. Penserra Capital Management LLC now owns 2,444 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 282 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Pentair PLC. by 62.2% in the first quarter. Advisors Asset Management Inc. now owns 2,796 shares of the industrial products company’s stock valued at $176,000 after acquiring an additional 1,072 shares during the period. Hedge funds and other institutional investors own 85.59% of the company’s stock.
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Pentair PLC. (PNR) traded down 0.55% during midday trading on Friday, reaching $64.60. 1,545,737 shares of the company traded hands. Pentair PLC. has a one year low of $53.80 and a one 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. The stock has a market capitalization of $11.72 billion, a P/E ratio of 19.02 and a beta of 1.40.
Pentair PLC. (NYSE:PNR) last released its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business earned $1.11 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. Analysts forecast that Pentair PLC. will post $3.51 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on PNR shares. BidaskClub lowered shares of Pentair PLC. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a research note on Tuesday, June 6th. Zacks Investment Research raised shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research note on Tuesday, June 6th. Wolfe Research started coverage on shares of Pentair PLC. in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $61.00 target price on shares of Pentair PLC. in a research note on Thursday, June 1st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Pentair PLC. presently has a consensus rating of “Hold” and an average target price of $67.23.
Pentair PLC. Company 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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