Sienna Gestion Sells 6,908 Shares of Pentair plc (NYSE:PNR)

Key Points

• Sienna Gestion reduced its stake in Pentair plc by 6.0% in the first quarter, holding 107,988 shares worth $9,183,000 after selling 6,908 shares.
• Pentair's earnings per share (EPS) for the last quarter was reported at $1.39, beating estimates by $0.06, with revenues reaching $1.12 billion.
• Analysts have mixed sentiments, with price targets ranging from $99.00 to $122.00 and a consensus rating of "Moderate Buy."

Sienna Gestion decreased its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,988 shares of the industrial products company's stock after selling 6,908 shares during the quarter. Sienna Gestion owned about 0.07% of Pentair worth $9,183,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its stake in shares of Pentair by 4.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 75,337 shares of the industrial products company's stock valued at $6,590,000 after purchasing an additional 3,476 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Pentair by 31.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,453 shares of the industrial products company's stock valued at $390,000 after buying an additional 1,067 shares during the period. Fifth Third Bancorp raised its holdings in shares of Pentair by 6.6% during the first quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company's stock valued at $356,000 after acquiring an additional 253 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Pentair by 14.0% in the first quarter. GAMMA Investing LLC now owns 3,964 shares of the industrial products company's stock valued at $347,000 after purchasing an additional 487 shares in the last quarter. Finally, Ritholtz Wealth Management grew its position in Pentair by 44.7% in the first quarter. Ritholtz Wealth Management now owns 3,031 shares of the industrial products company's stock worth $265,000 after acquiring an additional 937 shares during the period. Institutional investors own 92.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PNR. Bank of America cut Pentair from a "neutral" rating to an "underperform" rating and cut their price target for the company from $106.00 to $100.00 in a research note on Tuesday, July 29th. Mizuho boosted their price objective on shares of Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Pentair from $113.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Oppenheimer raised their price objective on shares of Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Pentair presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.36.

Pentair Stock Down 1.5%

Pentair stock traded down $1.59 during mid-day trading on Friday, hitting $105.04. 1,021,704 shares of the company's stock were exchanged, compared to its average volume of 2,051,845. The stock has a market cap of $17.22 billion, a P/E ratio of 28.70, a P/E/G ratio of 2.01 and a beta of 1.07. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Pentair plc has a 1-year low of $74.25 and a 1-year high of $110.71. The stock has a 50 day moving average of $103.00 and a two-hundred day moving average of $95.62.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the previous year, the firm posted $1.22 EPS. The company's revenue for the quarter was up 2.2% on a year-over-year basis. As a group, analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

About Pentair

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.