Teachers Retirement System of The State of Kentucky Has $6.60 Million Stock Holdings in Pentair plc (NYSE:PNR)

Teachers Retirement System of The State of Kentucky grew its position in Pentair plc (NYSE:PNR) by 443.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,215 shares of the industrial products company’s stock after purchasing an additional 63,012 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Pentair were worth $6,598,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its stake in shares of Pentair by 82.4% in the 4th quarter. Lindbrook Capital LLC now owns 341 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Rational Advisors LLC lifted its position in Pentair by 200.0% during the 1st quarter. Rational Advisors LLC now owns 633 shares of the industrial products company’s stock worth $54,000 after buying an additional 422 shares in the last quarter. LRI Investments LLC acquired a new position in Pentair during the 1st quarter worth about $56,000. EverSource Wealth Advisors LLC lifted its position in Pentair by 24.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 876 shares of the industrial products company’s stock worth $64,000 after buying an additional 173 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in Pentair during the 4th quarter worth about $69,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. Barclays upped their price target on shares of Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. UBS Group upped their price target on shares of Pentair from $83.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Northcoast Research downgraded shares of Pentair from a “buy” rating to a “neutral” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada upped their target price on shares of Pentair from $99.00 to $101.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Pentair has an average rating of “Moderate Buy” and a consensus price target of $92.87.

Pentair Trading Down 2.7 %

Shares of PNR stock traded down $2.29 on Friday, reaching $83.58. The company had a trading volume of 1,053,090 shares, compared to its average volume of 2,119,748. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The stock has a market cap of $13.88 billion, a PE ratio of 22.23, a PEG ratio of 1.55 and a beta of 1.21. The company has a 50-day moving average of $79.72 and a 200-day moving average of $79.31. Pentair plc has a 12 month low of $57.18 and a 12 month high of $89.63.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.08. Pentair had a return on equity of 20.39% and a net margin of 16.05%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business earned $1.03 EPS. Pentair’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that Pentair plc will post 4.25 earnings per share for the current year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Friday, July 19th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, July 19th. This represents a $0.92 dividend on an annualized basis and a yield of 1.10%. Pentair’s payout ratio is 24.47%.

Insider Buying and Selling

In other news, Director David A. /Wi Jones 2,004 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Pentair news, Director David A. /Wi Jones 2,004 shares of Pentair stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jerome O. Pedretti sold 24,747 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $84.45, for a total transaction of $2,089,884.15. Following the transaction, the chief executive officer now directly owns 38,538 shares of the company’s stock, valued at $3,254,534.10. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Pentair Company Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.