Pentair plc. (NYSE:PNR) is expected to pay $0.34 on Nov 4, 2016. The indicated annual dividend is $1.36. Shareholders owning the stock before Oct 19, 2016 will be eligible to receive the payout. Based on Pentair plc.’s current price of $59.00, the dividend is 0.58%. This dividend’s record date is Oct 21, 2016 and the announcement date is Oct 4, 2016. The stock closed at $59 during the last session. It is down 17.41% since March 15, 2016 and is uptrending. It has outperformed by 11.93% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.09, from 0.97 in 2016Q1. The ratio improved, as 37 funds sold all Pentair plc. Ordinary Share shares owned while 137 reduced positions. 53 funds bought stakes while 131 increased positions. They now own 146.49 million shares or 2.90% less from 150.86 million shares in 2016Q1.
Amalgamated Commercial Bank accumulated 8,044 shares or 0.03% of the stock. Indexiq Advsrs Lc last reported 0.1% of its portfolio in the stock. Robeco Institutional Asset Mngmt Bv owns 8,057 shares or 0% of their US portfolio. New Mexico Educational Retirement Board has 21,014 shares for 0.06% of their US portfolio. Eaton Vance, a Massachusetts-based fund reported 49,108 shares. Neuberger Berman Grp Ltd owns 30,756 shares or 0% of their US portfolio. Redmond Asset Limited Company accumulated 27,890 shares or 0.81% of the stock. The Pennsylvania-based Mycio Wealth Limited Company has invested 0.01% in Pentair plc. Ordinary Share (NYSE:PNR). Hsbc Public Ltd Co reported 20,557 shares or 0% of all its holdings. Blackrock Fund Advsrs has 0.03% invested in the company for 2.71 million shares. Stifel Fincl has invested 0.06% of its portfolio in Pentair plc. Ordinary Share (NYSE:PNR). Atlantic Tru Gp Lc reported 99,304 shares or 0.04% of all its holdings. Twin Tree Mngmt L P last reported 0.01% of its portfolio in the stock. Springbok Cap Ltd has 335 shares for 0% of their US portfolio. Moreover, Loomis Sayles Co Lp has 0.13% invested in Pentair plc. Ordinary Share (NYSE:PNR) for 816,528 shares.
Insider Transactions: Since April 27, 2016, the stock had 0 insider buys, and 10 sales for $31.06 million net activity. Shares for $650,000 were sold by BRYAN GLYNIS. JONES DAVID A /WI also sold $650,000 worth of Pentair plc. Ordinary Share (NYSE:PNR) shares. 102,282 shares were sold by HOGAN RANDALL J, worth $6.55 million. $650,000 worth of Pentair plc. Ordinary Share (NYSE:PNR) shares were sold by MONAHAN WILLIAM T. On Tuesday, August 23 the insider Stauch John L sold $7.35 million. Another trade for 10,000 shares valued at $626,100 was sold by GLENN T MICHAEL. Shares for $714,000 were sold by Frykman Karl R. on Wednesday, April 27.
Pentair plc. Ordinary Share (NYSE:PNR) Ratings Coverage
Out of 17 analysts covering Pentair Inc. (NYSE:PNR), 5 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 29% are positive. Pentair Inc. has been the topic of 35 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Monday, August 22, the company rating was maintained by BMO Capital Markets. RBC Capital Markets maintained the shares of PNR in a report on Wednesday, February 3 with “Outperform” rating. The stock of Pentair plc. Ordinary Share (NYSE:PNR) earned “Neutral” rating by Wedbush on Wednesday, February 3. On Friday, October 16 the stock rating was downgraded by Stifel Nicolaus to “Hold”. As per Thursday, October 15, the company rating was initiated by Morgan Stanley. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, July 22 report. The stock of Pentair plc. Ordinary Share (NYSE:PNR) has “Market Perform” rating given on Wednesday, July 22 by William Blair. The rating was downgraded by Cowen & Co to “Underperform” on Thursday, September 1. The rating was downgraded by Jefferies on Wednesday, July 22 to “Hold”. The stock of Pentair plc. Ordinary Share (NYSE:PNR) earned “Outperform” rating by Bernstein on Wednesday, April 27.
Another recent and important Pentair plc. Ordinary Share (NYSE:PNR) news was published by Investorplace.com which published an article titled: “Pentair plc. Ordinary Share (PNR): 40 Consecutive Years of Dividend Growth” on February 16, 2016.
PNR Company Profile
Pentair plc, incorporated on November 28, 2013, is a diversified industrial manufacturing company. The Firm operates through four divisions: Valves & Controls, Flow & Filtration Solutions, Water Quality Systems, Technical Solutions and Other. The Valves & Controls segment designs, makes, markets and services valves, fittings, automation and controls and actuators for the energy and industrial verticals. The Flow & Filtration Solutions segment designs, makes, markets and services solutions for filtration, separation, flow and fluid management challenges in agriculture, water supply and disposal and a range of industrial applications. The Company’s Water Quality Systems segment designs, makes, markets and services water system products and solutions to meet filtration and fluid management challenges in food and beverage, water and aquaculture applications. The Technical Solutions segment designs, makes, markets and services products that guard and protect electrical and electronic equipment, as well as heat management solutions designed to provide thermal protection to temperature sensitive fluid applications, and engineered electrical and fastening products for electrical, mechanical and civil applications.
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