Investment Centers of America Inc. trimmed its position in Pentair PLC. (NYSE:PNR) by 8.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,309 shares of the industrial products company’s stock after selling 298 shares during the quarter. Investment Centers of America Inc.’s holdings in Pentair PLC. were worth $219,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Pentair PLC. by 4.7% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 46,649 shares of the industrial products company’s stock worth $2,932,000 after purchasing an additional 2,100 shares during the last quarter. Swiss National Bank raised its stake in shares of Pentair PLC. by 2.8% in the second quarter. Swiss National Bank now owns 629,157 shares of the industrial products company’s stock worth $41,864,000 after purchasing an additional 17,400 shares during the last quarter. Dai Ichi Life Insurance Company Ltd raised its stake in shares of Pentair PLC. by 736.2% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 136,301 shares of the industrial products company’s stock worth $8,557,000 after purchasing an additional 120,000 shares during the last quarter. BlackRock Inc. raised its stake in shares of Pentair PLC. by 1,577.2% in 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 during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Pentair PLC. by 29.9% in the first quarter. Victory Capital Management Inc. now owns 4,964 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 1,143 shares during the last quarter. Hedge funds and other institutional investors own 85.59% of the company’s stock.

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Shares of Pentair PLC. (PNR) opened at 66.60 on Wednesday. Pentair PLC. has a one year low of $53.80 and a one year high of $69.03. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 19.61 and a beta of 1.40. The firm has a 50-day moving average price of $62.44 and a 200 day moving average price of $63.89.

Pentair PLC. (NYSE:PNR) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.00. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 EPS. Equities analysts forecast that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on PNR. BMO Capital Markets raised their price objective on Pentair PLC. from $61.00 to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 24th. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub lowered Pentair PLC. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $59.00 target price on shares of Pentair PLC. in a report on Friday, July 14th. Finally, Bank of America Corporation reaffirmed a “sell” rating and set a $65.00 target price on shares of Pentair PLC. in a report on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $67.23.

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.

Institutional Ownership by Quarter for Pentair PLC. (NYSE:PNR)

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