SeaBridge Investment Advisors LLC decreased its stake in Pentair PLC. (NYSE:PNR) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 121,510 shares of the industrial products company’s stock after selling 977 shares during the quarter. Pentair PLC. comprises 1.9% of SeaBridge Investment Advisors LLC’s portfolio, making the stock its 6th biggest holding. SeaBridge Investment Advisors LLC owned about 0.07% of Pentair PLC. worth $8,258,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in PNR. Lord Abbett & CO. LLC boosted its holdings in shares of Pentair PLC. by 193.2% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,327,823 shares of the industrial products company’s stock worth $88,353,000 after purchasing an additional 875,023 shares during the period. Trian Fund Management L.P. boosted its holdings in shares of Pentair PLC. by 6.0% in the 2nd 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 purchasing an additional 862,769 shares during the period. BlackRock Inc. boosted its holdings in shares of Pentair PLC. by 5.1% in the 2nd quarter. BlackRock Inc. now owns 12,152,997 shares of the industrial products company’s stock worth $808,662,000 after purchasing an additional 588,818 shares during the period. Bain Capital Public Equity Management LLC boosted its holdings in shares of Pentair PLC. by 67.3% in the 2nd quarter. Bain Capital Public Equity Management LLC now owns 1,321,273 shares of the industrial products company’s stock worth $87,918,000 after purchasing an additional 531,652 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Pentair PLC. by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 16,159,434 shares of the industrial products company’s stock worth $1,075,249,000 after purchasing an additional 392,842 shares during the period. Hedge funds and other institutional investors own 85.51% of the company’s stock.

PNR has been the subject of a number of recent research reports. BMO Capital Markets reiterated a “hold” rating and issued a $70.00 target price on shares of Pentair PLC. in a report on Wednesday, September 6th. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 target price on shares of Pentair PLC. in a report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 target price (up previously from $69.00) on shares of Pentair PLC. in a report on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 target price on shares of Pentair PLC. in a report on Friday, July 14th. 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.15.

Shares of Pentair PLC. (NYSE:PNR) traded up 0.11% during midday trading on Monday, reaching $71.25. The company’s stock had a trading volume of 209,045 shares. Pentair PLC. has a one year low of $53.80 and a one year high of $71.44. The company has a market capitalization of $12.93 billion, a P/E ratio of 20.97 and a beta of 1.41. The stock’s 50-day moving average is $67.21 and its 200-day moving average is $65.14.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, November 3rd. Stockholders of record on Friday, October 20th will be given a dividend of $0.345 per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $1.38 annualized dividend and a dividend yield of 1.94%. Pentair PLC.’s dividend payout ratio is currently 40.71%.

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In other news, Director Ronald Merriman sold 5,200 shares of the firm’s 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 completion of the transaction, the director now directly owns 21,538 shares in the company, valued at $1,443,046. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 9.90% of the company’s stock.

About Pentair PLC.

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

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