Goldman Sachs Group Inc. trimmed its holdings in shares of Pentair PLC. (NYSE:PNR) by 42.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 551,402 shares of the industrial products company’s stock after selling 408,841 shares during the quarter. Goldman Sachs Group Inc. owned about 0.30% of Pentair PLC. worth $36,690,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PNR. BlackRock Inc. increased its position in 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 buying an additional 10,874,699 shares during the last quarter. Trian Fund Management L.P. increased its position in Pentair PLC. by 6.0% during the second quarter. Trian Fund Management L.P. now owns 15,200,931 shares of the industrial products company’s stock worth $1,011,470,000 after buying an additional 862,769 shares during the last quarter. Clearbridge Investments LLC increased its position in 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 buying an additional 850,370 shares during the last quarter. Westwood Holdings Group Inc. acquired a new position in Pentair PLC. during the first quarter worth $45,224,000. Finally, FMR LLC increased its position in 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 buying an additional 591,429 shares during the last quarter. 85.52% of the stock is currently owned by hedge funds and other institutional investors.

In other Pentair PLC. news, Director Ronald Merriman sold 5,200 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $67.00, for a total value of $348,400.00. Following the completion of the sale, the director now owns 21,538 shares of the company’s stock, valued at approximately $1,443,046. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.90% of the company’s stock.

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PNR has been the topic of several analyst reports. BMO Capital Markets reissued a “hold” rating and set a $70.00 target price on shares of Pentair PLC. in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reissued a “buy” rating and set a $77.00 target price on shares of Pentair PLC. in a research report on Wednesday, July 12th. Morgan Stanley reissued an “equal weight” rating and set a $70.00 target price (up from $69.00) on shares of Pentair PLC. in a research report on Wednesday, July 26th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $59.00 target price on shares of Pentair PLC. in a research report on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $67.92.

Shares of Pentair PLC. (NYSE:PNR) opened at 70.02 on Monday. The company has a market cap of $12.71 billion, a PE ratio of 20.61 and a beta of 1.41. The company has a 50 day moving average of $64.58 and a 200 day moving average of $64.53. Pentair PLC. has a 1-year low of $53.80 and a 1-year high of $70.51.

Pentair PLC. (NYSE:PNR) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting the consensus estimate 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 net margin of 12.86% and a return on equity of 13.17%. Pentair PLC.’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 EPS. Equities analysts expect that Pentair PLC. will post $3.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Friday, October 20th will be issued a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, October 19th. Pentair PLC.’s payout ratio is 40.71%.

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.

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

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