Texas Permanent School Fund Raises Stake in Pentair plc (NYSE:PNR)

Texas Permanent School Fund grew its stake in shares of Pentair plc (NYSE:PNRGet Rating) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 21,793 shares of the industrial products company’s stock after acquiring an additional 329 shares during the period. Texas Permanent School Fund’s holdings in Pentair were worth $997,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PNR. Steward Partners Investment Advisory LLC boosted its position in shares of Pentair by 58.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 623 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 231 shares in the last quarter. CFS Investment Advisory Services LLC boosted its position in shares of Pentair by 5,262.4% during the 1st quarter. CFS Investment Advisory Services LLC now owns 1,829,316 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 1,795,202 shares in the last quarter. LS Investment Advisors LLC purchased a new stake in shares of Pentair during the 2nd quarter worth $41,000. Dupont Capital Management Corp boosted its position in shares of Pentair by 50.9% during the 2nd quarter. Dupont Capital Management Corp now owns 999 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 337 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new stake in shares of Pentair during the 1st quarter worth $56,000. 87.08% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Stock Up 1.4 %

Shares of NYSE:PNR opened at $45.03 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.47 and a beta of 1.08. The stock’s 50-day moving average price is $42.30 and its two-hundred day moving average price is $45.95. Pentair plc has a 12-month low of $38.55 and a 12-month high of $80.10.

Pentair (NYSE:PNRGet Rating) last released its earnings results on Tuesday, October 25th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. Pentair had a net margin of 13.02% and a return on equity of 24.47%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, research analysts forecast that Pentair plc will post 3.65 EPS for the current year.

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 4th. Investors of record on Friday, October 21st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, October 20th. Pentair’s payout ratio is currently 26.17%.

Analyst Ratings Changes

Several research firms have recently issued reports on PNR. JPMorgan Chase & Co. began coverage on Pentair in a research note on Wednesday, October 26th. They set a “neutral” rating and a $42.00 price target for the company. TheStreet downgraded Pentair from a “b-” rating to a “c+” rating in a research note on Friday, October 7th. Stifel Nicolaus cut their price target on Pentair from $50.00 to $48.00 in a research note on Tuesday, October 11th. The Goldman Sachs Group cut their price target on Pentair to $55.00 in a research note on Thursday, October 27th. Finally, Morgan Stanley lifted their price target on Pentair from $38.00 to $39.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.91.

Insider Buying and Selling at Pentair

In other news, EVP Philip M. Rolchigo sold 2,531 shares of Pentair stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $47.90, for a total value of $121,234.90. Following the transaction, the executive vice president now directly owns 21,339 shares of the company’s stock, valued at approximately $1,022,138.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by company insiders.

Pentair Company Profile

(Get Rating)

Pentair plc provides various water solutions worldwide. It operates through Consumer Solutions; and Industrial & Flow Technologies segments. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

Featured Stories

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:PNRGet Rating).

Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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