Employees Retirement System of Texas continued to hold its position in Pentair PLC. (NYSE:PNR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the industrial products company’s stock at the end of the second quarter. Employees Retirement System of Texas’ holdings in Pentair PLC. were worth $665,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PNR. Swiss National Bank grew 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 acquiring an additional 17,400 shares during the last quarter. Victory Capital Management Inc. grew 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 acquiring an additional 1,143 shares during the last quarter. Trian Fund Management L.P. grew its stake in shares of Pentair PLC. by 6.0% in 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 acquiring an additional 862,769 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Pentair PLC. by 8.3% in the second quarter. Neuberger Berman Group LLC now owns 611,177 shares of the industrial products company’s stock worth $40,668,000 after acquiring an additional 46,856 shares during the last quarter. Finally, Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new stake in shares of Pentair PLC. in the second quarter worth $1,213,000. 85.51% of the stock is currently owned by institutional investors.

In other Pentair PLC. news, Director Ronald Merriman sold 5,200 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $67.00, for a total transaction of $348,400.00. Following the transaction, the director now owns 21,538 shares in the company, valued at approximately $1,443,046. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.90% of the stock is owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/10/19/employees-retirement-system-of-texas-continues-to-hold-stake-in-pentair-plc-pnr.html.

Shares of Pentair PLC. (PNR) opened at 70.50 on Thursday. Pentair PLC. has a 1-year low of $53.80 and a 1-year high of $70.67. The firm’s 50-day moving average is $66.67 and its 200-day moving average is $65.03. The firm has a market cap of $12.79 billion, a P/E ratio of 20.75 and a beta of 1.41.

Pentair PLC. (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 earnings per share for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Pentair PLC. had a return on equity of 13.17% and a net margin of 12.86%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.11 EPS. On average, analysts anticipate that Pentair PLC. will post $3.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 3rd. Shareholders of record on Friday, October 20th will be given a dividend of $0.345 per share. This represents a $1.38 annualized dividend and a yield of 1.96%. The ex-dividend date is Thursday, October 19th. Pentair PLC.’s payout ratio is 40.71%.

Several brokerages have recently issued reports on PNR. Jefferies Group LLC restated a “hold” rating and issued a $59.00 price objective on shares of Pentair PLC. in a research note on Thursday, September 21st. BidaskClub downgraded shares of Pentair PLC. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Bank of America Corporation restated a “sell” rating and issued a $65.00 price objective on shares of Pentair PLC. in a research note on Wednesday, July 26th. Zacks Investment Research downgraded shares of Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Monday. Finally, BMO Capital Markets restated a “hold” rating and issued a $70.00 price objective on shares of Pentair PLC. in a research note on Wednesday, September 6th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Pentair PLC. presently has a consensus rating of “Hold” and a consensus price target of $68.15.

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)

Receive News & Stock Ratings for Pentair PLC. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair PLC. and related stocks with our FREE daily email newsletter.