WINTON GROUP Ltd Buys Shares of 42,148 Pentair PLC. (PNR)

WINTON GROUP Ltd bought a new stake in shares of Pentair PLC. (NYSE:PNR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 42,148 shares of the industrial products company’s stock, valued at approximately $2,805,000.

Other hedge funds have also recently made changes to their positions in the company. Huntington National Bank boosted its stake in Pentair PLC. by 126.8% during the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after buying an additional 843 shares in the last quarter. Korea Investment CORP boosted its stake in Pentair PLC. by 142.7% during the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after buying an additional 942 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Pentair PLC. by 6.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after buying an additional 111 shares in the last quarter. FNY Partners Fund LP bought a new position in Pentair PLC. during the first quarter valued at about $125,000. Finally, Krilogy Financial LLC boosted its stake in Pentair PLC. by 121.2% during the second quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock valued at $152,000 after buying an additional 1,250 shares in the last quarter. 85.51% of the stock is owned by institutional investors and hedge funds.

PNR has been the subject of several research reports. Wolfe Research initiated coverage on Pentair PLC. in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. 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 Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $59.00 target price on shares of Pentair PLC. in a research note on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $68.00 target price on shares of Pentair PLC. in a research note on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $68.15.

In related news, Director Ronald Merriman sold 5,200 shares of Pentair PLC. 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 sale, the director now directly owns 21,538 shares of the company’s stock, valued at $1,443,046. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.90% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: This news story was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/18/winton-group-ltd-buys-shares-of-42148-pentair-plc-pnr.html.

Pentair PLC. (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm earned $1.11 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year.

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

Pentair PLC. Co

Other hedge funds have also recently made changes to their positions in the company. Huntington National Bank boosted its stake in Pentair PLC. by 126.8% during the second quarter. Huntington National Bank now owns 1,508 shares of the industrial products company’s stock valued at $100,000 after buying an additional 843 shares in the last quarter. Korea Investment CORP boosted its stake in Pentair PLC. by 142.7% during the second quarter. Korea Investment CORP now owns 1,602 shares of the industrial products company’s stock valued at $107,000 after buying an additional 942 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Pentair PLC. by 6.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,829 shares of the industrial products company’s stock valued at $123,000 after buying an additional 111 shares in the last quarter. FNY Partners Fund LP bought a new position in Pentair PLC. during the first quarter valued at about $125,000. Finally, Krilogy Financial LLC boosted its stake in Pentair PLC. by 121.2% during the second quarter. Krilogy Financial LLC now owns 2,281 shares of the industrial products company’s stock valued at $152,000 after buying an additional 1,250 shares in the last quarter. 85.51% of the stock is owned by institutional investors and hedge funds.

PNR has been the subject of several research reports. Wolfe Research initiated coverage on Pentair PLC. in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. 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 Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $59.00 target price on shares of Pentair PLC. in a research note on Friday, July 14th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $68.00 target price on shares of Pentair PLC. in a research note on Friday, July 14th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $68.15.

In related news, Director Ronald Merriman sold 5,200 shares of Pentair PLC. 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 sale, the director now directly owns 21,538 shares of the company’s stock, valued at $1,443,046. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.90% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: This news story was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/18/winton-group-ltd-buys-shares-of-42148-pentair-plc-pnr.html.

Pentair PLC. (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates 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 analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm earned $1.11 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Friday, October 20th will be paid a dividend of $0.345 per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.96%. Pentair PLC.’s dividend payout ratio (DPR) is presently 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.

Want to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair PLC. (NYSE:PNR).

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply