Pentair plc (NYSE:PNR) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its position in shares of Pentair plc (NYSE:PNR) by 2.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 65,000 shares of the industrial products company’s stock after purchasing an additional 1,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Pentair were worth $6,542,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PNR. National Bank of Canada FI boosted its stake in shares of Pentair by 862.2% during the 3rd quarter. National Bank of Canada FI now owns 441,887 shares of the industrial products company’s stock worth $43,212,000 after purchasing an additional 395,962 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Pentair by 67.4% during the 4th quarter. Allianz Asset Management GmbH now owns 888,212 shares of the industrial products company’s stock worth $89,390,000 after purchasing an additional 357,523 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Pentair during the 3rd quarter worth about $26,748,000. National Pension Service boosted its position in shares of Pentair by 726.4% in the fourth quarter. National Pension Service now owns 296,554 shares of the industrial products company’s stock worth $29,845,000 after acquiring an additional 260,668 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Pentair by 3.1% in the third quarter. State Street Corp now owns 8,756,075 shares of the industrial products company’s stock worth $856,257,000 after acquiring an additional 259,922 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Stock Up 1.4 %

PNR stock opened at $94.29 on Friday. Pentair plc has a twelve month low of $72.63 and a twelve month high of $110.71. 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 company has a market capitalization of $15.54 billion, a P/E ratio of 25.21, a PEG ratio of 1.87 and a beta of 1.20. The firm has a 50 day simple moving average of $99.52 and a 200-day simple moving average of $98.44.

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

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, April 17th. Pentair’s payout ratio is currently 26.74%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PNR shares. KeyCorp reissued a “sector weight” rating and issued a $115.00 target price on shares of Pentair in a research report on Monday, January 6th. Wolfe Research assumed coverage on shares of Pentair in a report on Tuesday, November 26th. They issued an “outperform” rating and a $125.00 price target on the stock. Northcoast Research upgraded shares of Pentair from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Stifel Nicolaus cut their price target on shares of Pentair from $126.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Barclays raised their price target on shares of Pentair from $108.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $111.25.

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.