Sigma Planning Corp Has $547,000 Stock Position in Pentair plc (NYSE:PNR)

Sigma Planning Corp boosted its stake in Pentair plc (NYSE:PNRGet Rating) by 7.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,954 shares of the industrial products company’s stock after buying an additional 838 shares during the period. Sigma Planning Corp’s holdings in Pentair were worth $547,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its position in shares of Pentair by 58.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 623 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 231 shares in the last quarter. CFS Investment Advisory Services LLC grew its position in shares of Pentair by 5,262.4% during the 1st quarter. CFS Investment Advisory Services LLC now owns 1,829,316 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 1,795,202 shares in the last quarter. LS Investment Advisors LLC acquired a new position in shares of Pentair during the 2nd quarter worth approximately $41,000. Dupont Capital Management Corp grew its position in shares of Pentair by 50.9% during the 2nd quarter. Dupont Capital Management Corp now owns 999 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 337 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new position in shares of Pentair during the 1st quarter worth approximately $56,000. Institutional investors and hedge funds own 87.08% of the company’s stock.

Pentair Trading Up 1.3 %

NYSE:PNR opened at $45.55 on Wednesday. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 1.49 and a beta of 1.08. The firm has a fifty day simple moving average of $42.26 and a two-hundred day simple moving average of $45.81. Pentair plc has a 12 month low of $38.55 and a 12 month high of $78.39. The company has a current ratio of 1.42, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93.

Pentair (NYSE:PNRGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Pentair had a net margin of 13.02% and a return on equity of 24.47%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Analysts expect that Pentair plc will post 3.65 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Stockholders of record on Friday, October 21st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Thursday, October 20th. Pentair’s dividend payout ratio is currently 26.17%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PNR shares. Morgan Stanley increased their price target on shares of Pentair from $38.00 to $39.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 26th. Citigroup reduced their price target on shares of Pentair from $60.00 to $57.00 in a research report on Monday, October 10th. Cowen reduced their price target on shares of Pentair from $75.00 to $65.00 in a research report on Wednesday, July 27th. Royal Bank of Canada reduced their price target on shares of Pentair from $50.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 26th. Finally, Stifel Nicolaus dropped their price objective on shares of Pentair from $50.00 to $48.00 in a research note on Tuesday, October 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Pentair presently has an average rating of “Hold” and an average price target of $51.00.

Pentair Profile

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Pentair plc provides various water solutions worldwide. It operates through Consumer Solutions; and Industrial & Flow Technologies segments. The Consumer Solutions segment designs, manufactures, and sells residential and commercial pool equipment and accessories, including pumps, filters, heaters, lights, automatic controls, automatic cleaners, maintenance equipment, and pool accessories for residential and commercial pool maintenance, repair, renovation, service, and construction applications; and water treatment products and systems comprising pressure tanks, control valves, activated carbon products, conventional filtration products, and point-of-entry and point-of-use systems for the use in residential whole home water filtration, drinking water filtration, and water softening solutions, as well as in commercial total water management and filtration in foodservice operations.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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