Pentair plc (NYSE:PNR) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Pentair plc (NYSE:PNR) by 72.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,650 shares of the industrial products company’s stock after selling 38,202 shares during the period. SG Americas Securities LLC’s holdings in Pentair were worth $1,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new position in shares of Pentair during the 2nd quarter valued at $25,000. Crewe Advisors LLC lifted its stake in shares of Pentair by 376.1% during the second quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 267 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Pentair in the second quarter worth about $48,000. LRI Investments LLC acquired a new stake in shares of Pentair in the first quarter valued at about $56,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Pentair in the second quarter valued at about $67,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PNR. The Goldman Sachs Group increased their price objective on shares of Pentair from $85.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on shares of Pentair from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Pentair from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Northcoast Research lowered Pentair from a “buy” rating to a “neutral” rating in a research note on Friday, July 19th. Finally, Barclays upped their target price on Pentair from $96.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Pentair presently has an average rating of “Moderate Buy” and a consensus price target of $93.47.

Pentair Trading Up 0.6 %

NYSE PNR opened at $96.42 on Wednesday. The stock has a 50-day simple moving average of $89.05 and a 200 day simple moving average of $83.62. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $15.96 billion, a PE ratio of 25.64, a P/E/G ratio of 1.71 and a beta of 1.20. Pentair plc has a 12 month low of $57.18 and a 12 month high of $98.23.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.08. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. Research analysts forecast that Pentair plc will post 4.26 EPS for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 18th will be issued a $0.23 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.92 annualized dividend and a yield of 0.95%. Pentair’s dividend payout ratio is currently 24.47%.

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.