Chairman, CEO of Pentair Ltd. Randall J. Hogan Sold 122,558 Shares
Chairman and CEO of Pentair Ltd. (NYSE:PNR) Randall J. Hogan sold 122,558 shares on July 11, 2013 at an average price of $60. The total transaction amount was $7,353,480.
Randall J. Hogan joined Pentair Ltd. in 1998 as executive vice president of the Enclosures Group. In 2001, he was named CEO and in 2002, he became the chairman. Before coming to Pentair Ltd, Mr. Hogan was president of United Technologies’ Carrier Transicold Division and also served in roles at the Pratt & Whitney division of United Technologies. He also worked at General Electric and McKinsey & Company.
Also, Mr. Hogan sold 150,000 shares of PNR stock on May 22, 2013. Other Directors and Officers like Senior VP Human Resources Frederick S. Koury and President and COO Michael V. Schrock sold shares of PNR stock.
GuruFocus Guru PRIMECAP Management initiated its position in Pentair Ltd. and bought 11,783 shares in the 2013 first financial quarter. James Barrow, John Keeley, and Robert Olstein kept their positions in PNR unchanged. James Barrow owns 3,499,923 shares, John Keeley owns 88,923 shares and Robert Olstein owns 129,000 shares. GuruFocus Gurus Mario Gabelli, who owns 72,693 shares, and Jean-Marie Eveillard, who owns 345,359 shares, both reduced their positions in the company. Geroge Soros sold out his holdings as of March 31, 2013.
Pentair Ltd. announced its 2013 first financial quarter results. The company reported net sales of $1.8 billion and net income before non-controlling interest of $53 million.