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

Sigma Planning Corp bought a new position in Pentair plc (NYSE:PNR) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 12,088 shares of the industrial products company’s stock, valued at approximately $641,000.

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

Analysts Set New Price Targets

PNR has been the topic of several recent analyst reports. Robert W. Baird set a $78.00 target price on shares of Pentair in a report on Wednesday. BNP Paribas Exane upgraded shares of Pentair from an “underperform” rating to a “neutral” rating and set a $65.00 price target for the company in a report on Wednesday. Royal Bank Of Canada upped their price target on shares of Pentair from $61.00 to $69.00 and gave the company a “sector perform” rating in a report on Wednesday. Oppenheimer dropped their price target on shares of Pentair from $94.00 to $84.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. Finally, Seaport Research Partners lowered shares of Pentair from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $76.59.

Pentair Trading Up 0.8%

PNR opened at $66.35 on Friday. The business has a 50 day simple moving average of $56.75 and a two-hundred day simple moving average of $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. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 0.76. Pentair plc has a one year low of $51.13 and a one year high of $109.89.

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

Pentair Dividend Announcement

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

Pentair Company 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.