Pentair plc (NYSE:PNR) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lowered its position in Pentair plc (NYSE:PNR) by 21.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 871,642 shares of the industrial products company’s stock after selling 238,974 shares during the period. Pentair comprises approximately 1.9% of Robeco Schweiz AG’s holdings, making the stock its 18th largest position. Robeco Schweiz AG owned about 0.53% of Pentair worth $87,722,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. lifted its position in shares of Pentair by 16.1% during 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 lifted its position in shares of 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 acquiring an additional 134 shares during the period. Annex Advisory Services LLC lifted its position in shares of Pentair by 2.9% during the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 151 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Pentair by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 12,094 shares of the industrial products company’s stock valued at $1,251,000 after acquiring an additional 161 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Pentair by 0.6% during the 4th quarter. Van ECK Associates Corp now owns 27,893 shares of the industrial products company’s stock valued at $2,807,000 after acquiring an additional 167 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PNR shares. Oppenheimer lifted their price target on shares of Pentair from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Citigroup reduced their price target on shares of Pentair from $126.00 to $119.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wolfe Research began coverage on shares of Pentair in a research report on Tuesday, November 26th. They set an “outperform” rating and a $125.00 price target for the company. Stifel Nicolaus cut their price objective on Pentair from $126.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, KeyCorp restated a “sector weight” rating and set a $115.00 price objective on shares of Pentair in a research report on Monday, January 6th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Pentair has an average rating of “Moderate Buy” and an average target price of $111.25.

Pentair Trading Down 0.1 %

Shares of PNR opened at $93.22 on Thursday. The stock has a fifty day moving average of $99.84 and a two-hundred day moving average of $98.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 1.60. The company has a market capitalization of $15.40 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. Pentair had a net margin of 15.32% and a return on equity of 20.94%. The company had revenue of $972.90 million during the quarter, compared to analysts’ expectations of $970.95 million. During the same period in the previous year, the company earned $0.87 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.07%. Pentair’s dividend payout ratio is presently 26.74%.

Pentair Company 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.