Stratos Wealth Partners LTD. acquired a new stake in Pentair PLC (NYSE:PNR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,879 shares of the industrial products company’s stock, valued at approximately $168,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Fort L.P. purchased a new position in Pentair in the second quarter valued at about $118,000. Capital Advisors Ltd. LLC purchased a new position in Pentair in the third quarter valued at about $142,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Pentair during the second quarter worth about $146,000. Marshwinds Advisory Co. purchased a new stake in shares of Pentair during the third quarter worth about $200,000. Finally, NorthRock Partners LLC purchased a new stake in shares of Pentair during the second quarter worth about $204,000. Hedge funds and other institutional investors own 85.79% of the company’s stock.

In related news, Director Glynis Bryan sold 17,133 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $770,985.00. Following the sale, the director now owns 35,115 shares in the company, valued at $1,580,175. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.90% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on PNR shares. Zacks Investment Research lowered Pentair from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. Stifel Nicolaus upgraded Pentair from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, October 24th. ValuEngine upgraded Pentair from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Pentair from $48.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Pentair has a consensus rating of “Hold” and a consensus price target of $56.08.

NYSE PNR traded down $0.56 during trading hours on Friday, reaching $39.72. The stock had a trading volume of 2,237,220 shares, compared to its average volume of 1,314,810. The firm has a market cap of $6.99 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.55 and a beta of 1.30. Pentair PLC has a 52-week low of $36.06 and a 52-week high of $50.25. The company has a quick ratio of 0.85, a current ratio of 1.40 and a debt-to-equity ratio of 0.42.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, October 23rd. The industrial products company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The firm had revenue of $711.40 million for the quarter, compared to analyst estimates of $698.88 million. Pentair had a return on equity of 16.35% and a net margin of 11.04%. Pentair’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. As a group, research analysts expect that Pentair PLC will post 2.33 earnings per share for the current year.

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About Pentair

Pentair plc provides various smart water solutions worldwide. It designs, manufactures, and services various products and solutions to meet filtration, separation, flow, and water management challenges. The company's products and services include water treatment equipment, including energy-efficient pumps, point-of-entry/point-of-use filtration products, valves, UV sanitization, and automation controls for residential and commercial applications, as well as engineered solutions in advanced filtration, desalination, water supply and disposal, process, and control for industrial and infrastructure applications.

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Institutional Ownership by Quarter for Pentair (NYSE:PNR)

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