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Alliancebernstein L.P. Has $154.32 Million Stock Position in Pentair plc $PNR
Alliancebernstein L.P. significantly reduced its stake in Pentair plc (NYSE:PNR) by 46.6% in the third quarter, now holding 1,393,269 shares valued at approximately $154.32 million. Despite this, institutional investors and hedge funds still own 92.37% of the company’s stock. Pentair recently reported strong Q4 earnings, topping analyst estimates, and announced a quarterly dividend of $0.27 per share.