Pentair plc (NYSE:PNR) Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. lowered its stake in Pentair plc (NYSE:PNR) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,212 shares of the industrial products company’s stock after selling 304 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Pentair were worth $3,644,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Pentair by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company’s stock worth $2,034,575,000 after purchasing an additional 148,031 shares in the last quarter. FMR LLC boosted its stake in shares of Pentair by 7.0% in the fourth quarter. FMR LLC now owns 6,101,253 shares of the industrial products company’s stock valued at $614,030,000 after buying an additional 396,581 shares in the last quarter. Geode Capital Management LLC raised its position in Pentair by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company’s stock worth $410,240,000 after acquiring an additional 87,244 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Pentair by 3.7% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,749,965 shares of the industrial products company’s stock worth $176,117,000 after purchasing an additional 62,926 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Pentair by 37.0% during the 4th quarter. Bessemer Group Inc. now owns 1,283,164 shares of the industrial products company’s stock worth $129,137,000 after purchasing an additional 346,843 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Citigroup reduced their price objective on shares of Pentair from $118.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Robert W. Baird raised Pentair from a “neutral” rating to an “outperform” rating and set a $114.00 price target on the stock in a research note on Tuesday, March 25th. Baird R W raised Pentair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Finally, KeyCorp reiterated a “sector weight” rating and set a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Pentair Stock Performance

Pentair stock opened at $78.79 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $13.00 billion, a P/E ratio of 21.07, a PEG ratio of 1.87 and a beta of 1.13. The stock has a fifty day moving average price of $87.43 and a 200 day moving average price of $97.12. Pentair plc has a 52 week low of $72.63 and a 52 week high of $110.71.

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

Pentair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s payout ratio is currently 26.74%.

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.