12,088 Shares of Pentair plc $PNR Purchased by Sigma Planning Corp

Sigma Planning Corp purchased a new stake in Pentair plc (NYSE:PNR) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,088 shares of the industrial products company’s stock, valued at approximately $641,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Robeco Schweiz AG bought a new position in Pentair in the third quarter valued at $27,859,000. Signaturefd LLC bought a new position in shares of Pentair in the 3rd quarter valued at about $265,000. Evergreen Capital Management LLC acquired a new stake in shares of Pentair in the third quarter valued at about $419,000. Outfitters Financial LLC acquired a new stake in shares of Pentair in the third quarter valued at about $1,060,000. Finally, Sterling Capital Management LLC bought a new stake in Pentair during the third quarter worth about $242,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PNR shares. BNP Paribas Exane upgraded shares of Pentair from an “underperform” rating to a “neutral” rating and set a $65.00 target price for the company in a research note on Wednesday. Citigroup boosted their target price on shares of Pentair from $69.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group set a $65.00 target price on shares of Pentair in a report on Wednesday. William Blair set a $50.00 price objective on Pentair in a research report on Wednesday, October 14th. Finally, Weiss Ratings cut Pentair from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Pentair currently has a consensus rating of “Hold” and a consensus price target of $76.59.

Pentair Price Performance

Shares of NYSE:PNR opened at $66.35 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. Pentair plc has a twelve month low of $51.13 and a twelve month high of $109.89. The stock’s 50 day moving average is $56.75 and its 200-day moving average is $76.44. The firm has a market capitalization of $10.59 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.55 and a beta of 1.04.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.11. Pentair had a net margin of 15.44% and a return on equity of 20.10%. The business had revenue of $976.40 million during the quarter, compared to the consensus estimate of $963.71 million. During the same quarter last year, the firm posted $1.24 EPS. Pentair’s revenue was down 4.5% compared to the same quarter last year. Sell-side analysts forecast that Pentair plc will post 4.70 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 23rd will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, October 23rd. This represents a $1.08 annualized dividend and a yield of 1.6%. Pentair’s payout ratio is 28.65%.

Pentair Profile

Pentair plc (NYSE: PNR) is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.

The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.