Itau Unibanco Holding S.A. Acquires 5,660 Shares of Pentair PLC (PNR)

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Itau Unibanco Holding S.A. lifted its holdings in shares of Pentair PLC (NYSE:PNR) by 140.5% in the second quarter, Holdings Channel reports. The institutional investor owned 9,688 shares of the industrial products company’s stock after purchasing an additional 5,660 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Pentair were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in PNR. Wells Fargo & Company MN grew its position in shares of Pentair by 6.7% during the 1st quarter. Wells Fargo & Company MN now owns 2,601,938 shares of the industrial products company’s stock valued at $177,270,000 after buying an additional 163,138 shares during the last quarter. Rhumbline Advisers grew its position in shares of Pentair by 1.2% during the 1st quarter. Rhumbline Advisers now owns 304,487 shares of the industrial products company’s stock valued at $20,745,000 after buying an additional 3,571 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in shares of Pentair by 17.3% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 13,253 shares of the industrial products company’s stock valued at $903,000 after buying an additional 1,952 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Pentair by 3.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,707 shares of the industrial products company’s stock valued at $3,727,000 after buying an additional 1,800 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Pentair by 344.3% during the 1st quarter. American Century Companies Inc. now owns 45,889 shares of the industrial products company’s stock valued at $3,126,000 after buying an additional 35,561 shares during the last quarter. 86.43% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on PNR. Zacks Investment Research raised shares of Pentair from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine cut shares of Pentair from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Barclays restated a “sell” rating and issued a $39.00 target price on shares of Pentair in a research report on Thursday, July 26th. Robert W. Baird restated a “hold” rating and issued a $44.00 target price on shares of Pentair in a research report on Friday, July 20th. Finally, Cowen upgraded shares of Pentair from an “underperform” rating to an “outperform” rating in a research report on Tuesday, May 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $57.43.

In other news, SVP Ademir Sarcevic sold 1,042 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $41.67, for a total value of $43,420.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Trian Fund Management, L.P. sold 1,700,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $42.15, for a total transaction of $71,655,000.00. Following the completion of the sale, the director now directly owns 2,862 shares of the company’s stock, valued at $120,633.30. The disclosure for this sale can be found here. Corporate insiders own 10.70% of the company’s stock.

NYSE PNR opened at $42.90 on Wednesday. Pentair PLC has a 52 week low of $41.00 and a 52 week high of $50.25. The company has a quick ratio of 0.89, a current ratio of 1.40 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 1.88 and a beta of 1.37.

Pentair (NYSE:PNR) last posted its earnings results on Wednesday, July 25th. The industrial products company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. Pentair had a net margin of 10.12% and a return on equity of 15.19%. The firm had revenue of $780.60 million during the quarter, compared to analysts’ expectations of $786.63 million. During the same quarter in the prior year, the firm earned $1.00 EPS. Pentair’s quarterly revenue was up 3.5% on a year-over-year basis. equities analysts expect that Pentair PLC will post 2.31 earnings per share for the current year.

Pentair Profile

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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