Toronto Dominion Bank Increases Stake in Pentair PLC. (PNR)

Toronto Dominion Bank lifted its stake in shares of Pentair PLC. (NYSE:PNR) by 25.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,861 shares of the industrial products company’s stock after purchasing an additional 11,685 shares during the quarter. Toronto Dominion Bank’s holdings in Pentair PLC. were worth $3,783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Pentair PLC. by 2.5% during 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. Trian Fund Management L.P. raised its position in shares of Pentair PLC. by 6.0% during 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. raised its position in shares of Pentair PLC. by 5.1% during 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. Sound Shore Management Inc. CT raised its position in shares of Pentair PLC. by 8.6% during the 2nd quarter. Sound Shore Management Inc. CT now owns 2,303,860 shares of the industrial products company’s stock worth $153,299,000 after purchasing an additional 183,299 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of Pentair PLC. by 6.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,465,471 shares of the industrial products company’s stock worth $97,512,000 after purchasing an additional 83,595 shares during the period. Institutional investors and hedge funds own 85.51% of the company’s stock.

In related news, Director Ronald Merriman sold 5,200 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 21,538 shares in the company, valued at approximately $1,443,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.90% of the company’s stock.

Pentair PLC. (NYSE PNR) opened at 71.17 on Friday. The stock’s 50 day moving average price is $67.21 and its 200 day moving average price is $65.14. Pentair PLC. has a 12 month low of $53.80 and a 12 month high of $71.36. The firm has a market capitalization of $12.92 billion, a PE ratio of 20.95 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. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company posted $1.11 EPS. Pentair PLC.’s revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that Pentair PLC. will post $3.51 earnings per share for the current fiscal 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 given a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 1.94%. The ex-dividend date is Thursday, October 19th. Pentair PLC.’s dividend payout ratio (DPR) is presently 40.71%.

A number of analysts have recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and set a $59.00 price target on shares of Pentair PLC. in a research report on Thursday, September 21st. BidaskClub cut Pentair PLC. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Bank of America Corporation restated a “sell” rating and issued a $65.00 target price on shares of Pentair PLC. in a research report on Wednesday, July 26th. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Finally, BMO Capital Markets restated a “hold” rating and issued a $70.00 target price on shares of Pentair PLC. in a research report on Wednesday, September 6th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $68.15.

WARNING: “Toronto Dominion Bank Increases Stake in Pentair PLC. (PNR)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was illegall

Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Pentair PLC. by 2.5% during 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. Trian Fund Management L.P. raised its position in shares of Pentair PLC. by 6.0% during 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. raised its position in shares of Pentair PLC. by 5.1% during 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. Sound Shore Management Inc. CT raised its position in shares of Pentair PLC. by 8.6% during the 2nd quarter. Sound Shore Management Inc. CT now owns 2,303,860 shares of the industrial products company’s stock worth $153,299,000 after purchasing an additional 183,299 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in shares of Pentair PLC. by 6.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 1,465,471 shares of the industrial products company’s stock worth $97,512,000 after purchasing an additional 83,595 shares during the period. Institutional investors and hedge funds own 85.51% of the company’s stock.

In related news, Director Ronald Merriman sold 5,200 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 21,538 shares in the company, valued at approximately $1,443,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.90% of the company’s stock.

Pentair PLC. (NYSE PNR) opened at 71.17 on Friday. The stock’s 50 day moving average price is $67.21 and its 200 day moving average price is $65.14. Pentair PLC. has a 12 month low of $53.80 and a 12 month high of $71.36. The firm has a market capitalization of $12.92 billion, a PE ratio of 20.95 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. Pentair PLC. had a net margin of 12.86% and a return on equity of 13.17%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company posted $1.11 EPS. Pentair PLC.’s revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that Pentair PLC. will post $3.51 earnings per share for the current fiscal 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 given a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 1.94%. The ex-dividend date is Thursday, October 19th. Pentair PLC.’s dividend payout ratio (DPR) is presently 40.71%.

A number of analysts have recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and set a $59.00 price target on shares of Pentair PLC. in a research report on Thursday, September 21st. BidaskClub cut Pentair PLC. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Bank of America Corporation restated a “sell” rating and issued a $65.00 target price on shares of Pentair PLC. in a research report on Wednesday, July 26th. Zacks Investment Research cut Pentair PLC. from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Finally, BMO Capital Markets restated a “hold” rating and issued a $70.00 target price on shares of Pentair PLC. in a research report on Wednesday, September 6th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $68.15.

WARNING: “Toronto Dominion Bank Increases Stake in Pentair PLC. (PNR)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://ledgergazette.com/2017/10/22/toronto-dominion-bank-increases-stake-in-pentair-plc-pnr.html.

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.

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

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