Pentair PLC. (PNR) Insider Karl R. Frykman Sells 11,386 Shares

Pentair PLC. (NYSE:PNR) insider Karl R. Frykman sold 11,386 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $70.24, for a total transaction of $799,752.64. Following the completion of the transaction, the insider now owns 36,476 shares of the company’s stock, valued at approximately $2,562,074.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Pentair PLC. (NYSE:PNR) opened at $68.27 on Tuesday. Pentair PLC. has a twelve month low of $55.76 and a twelve month high of $71.65. The stock has a market cap of $12,357.70, a PE ratio of 20.13, a PEG ratio of 1.81 and a beta of 1.40. The company has a current ratio of 1.59, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30.

Pentair PLC. (NYSE:PNR) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Pentair PLC. had a net margin of 12.50% and a return on equity of 13.39%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.78 earnings per share. sell-side analysts anticipate that Pentair PLC. will post 3.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 3rd. Stockholders of record on Friday, October 20th were given a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Thursday, October 19th. Pentair PLC.’s dividend payout ratio (DPR) is currently 41.82%.

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A number of equities analysts recently weighed in on PNR shares. BidaskClub cut shares of Pentair PLC. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. KeyCorp reaffirmed a “buy” rating and issued a $77.00 target price on shares of Pentair PLC. in a report on Thursday, October 12th. Zacks Investment Research raised shares of Pentair PLC. from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Friday, October 27th. Stifel Nicolaus reissued a “hold” rating and issued a $76.00 price target (up from $75.00) on shares of Pentair PLC. in a report on Wednesday, October 25th. Finally, Robert W. Baird increased their target price on shares of Pentair PLC. from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $70.92.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its holdings in Pentair PLC. by 5,609.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 257,102 shares of the industrial products company’s stock worth $17,473,000 after acquiring an additional 252,599 shares during the period. AMP Capital Investors Ltd increased its holdings in Pentair PLC. by 9.5% during the 3rd quarter. AMP Capital Investors Ltd now owns 56,066 shares of the industrial products company’s stock worth $3,811,000 after acquiring an additional 4,884 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Pentair PLC. by 12.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 25,027 shares of the industrial products company’s stock worth $1,701,000 after acquiring an additional 2,815 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in Pentair PLC. by 1.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 52,349 shares of the industrial products company’s stock worth $3,573,000 after acquiring an additional 1,000 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Pentair PLC. by 6.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 59,967 shares of the industrial products company’s stock worth $4,076,000 after acquiring an additional 3,465 shares during the period. 84.56% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Pentair PLC. (NYSE:PNR)

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