Sigma Planning Corp Reduces Position in Pentair plc (NYSE:PNR)

Sigma Planning Corp decreased its stake in shares of Pentair plc (NYSE:PNR) by 2.1% during the fourth quarter, HoldingsChannel reports. The firm owned 7,052 shares of the industrial products company’s stock after selling 154 shares during the quarter. Sigma Planning Corp’s holdings in Pentair were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PNR. Richardson Financial Services Inc. increased its position in shares of Pentair by 16.1% in the 4th quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 127 shares during the period. Quarry LP grew its stake in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 134 shares during the last quarter. Annex Advisory Services LLC increased its holdings in shares of Pentair by 2.9% in the fourth quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 151 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Pentair by 1.3% in the fourth quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company’s stock worth $1,251,000 after purchasing an additional 161 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Pentair by 0.6% in the fourth quarter. Van ECK Associates Corp now owns 27,893 shares of the industrial products company’s stock worth $2,807,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wolfe Research began coverage on Pentair in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 target price on the stock. KeyCorp reiterated a “sector weight” rating and issued a $115.00 price objective on shares of Pentair in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Pentair in a report on Thursday, November 21st. Barclays upped their price target on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Robert W. Baird lifted their price objective on Pentair from $106.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.25.

Pentair Stock Up 0.7 %

Shares of PNR opened at $93.27 on Wednesday. The firm has a market cap of $15.41 billion, a P/E ratio of 24.94, a PEG ratio of 1.87 and a beta of 1.20. Pentair plc has a 12 month low of $72.63 and a 12 month high of $110.71. The stock’s 50 day moving average is $100.00 and its two-hundred day moving average is $98.34. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $972.90 million for the quarter, compared to analysts’ expectations of $970.95 million. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. Analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. Pentair’s dividend payout ratio is currently 26.74%.

Pentair Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.