525,747 Shares of Pentair plc $PNR Acquired by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG acquired 525,747 shares of Pentair during the third quarter, worth approximately $27.9 million and representing about 0.33% of the company. Institutional investors collectively own 92.37% of Pentair.
• Analysts have an overall “Hold” rating on Pentair, with a consensus price target of $76.19, although several firms recently lowered their targets.
• Pentair’s latest quarterly revenue fell 17% year over year to $932.6 million, though earnings of $1.14 per share exceeded estimates. The company also announced a quarterly dividend of $0.27 per share, yielding approximately 2% annually.

Robeco Schweiz AG bought a new position in Pentair plc (NYSE:PNR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 525,747 shares of the industrial products company's stock, valued at approximately $27,859,000. Robeco Schweiz AG owned approximately 0.33% of Pentair at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PNR. Hsbc Holdings PLC boosted its stake in Pentair by 1,459.8% in the 1st quarter. Hsbc Holdings PLC now owns 1,270,578 shares of the industrial products company's stock worth $110,617,000 after purchasing an additional 1,189,122 shares during the period. Vest Financial LLC acquired a new stake in Pentair during the 3rd quarter valued at $41,204,000. Amundi lifted its holdings in shares of Pentair by 13.1% in the first quarter. Amundi now owns 4,237,659 shares of the industrial products company's stock valued at $369,208,000 after purchasing an additional 491,758 shares in the last quarter. First Trust Advisors LP boosted its position in Pentair by 52.9% during the 1st quarter. First Trust Advisors LP now owns 1,215,064 shares of the industrial products company's stock worth $105,844,000 after acquiring an additional 420,140 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Pentair during the 1st quarter valued at about $28,717,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Analysts Set New Price Targets

PNR has been the topic of a number of research reports. Robert W. Baird dropped their target price on Pentair from $83.00 to $80.00 and set an "outperform" rating on the stock in a report on Wednesday, July 29th. The Goldman Sachs Group reduced their price target on shares of Pentair from $73.00 to $60.00 and set a "neutral" rating for the company in a research report on Friday, October 9th. William Blair set a $50.00 price target on shares of Pentair in a report on Wednesday, October 14th. Stifel Nicolaus reaffirmed a "hold" rating and set a $65.00 price objective (down from $103.00) on shares of Pentair in a research report on Thursday, July 16th. Finally, Zacks Research upgraded shares of Pentair from a "strong sell" rating to a "hold" rating in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $76.19.

Pentair Stock Performance

PNR stock opened at $55.30 on Friday. The firm has a 50 day moving average of $56.82 and a two-hundred day moving average of $68.76. Pentair plc has a 12 month low of $51.13 and a 12 month high of $111.94. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.41 and a beta of 1.04. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 0.43.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.02. Pentair had a net margin of 16.24% and a return on equity of 20.62%. The business had revenue of $932.60 million for the quarter, compared to the consensus estimate of $943.24 million. During the same quarter last year, the firm earned $1.39 EPS. Pentair's revenue for the quarter was down 17.0% on a year-over-year basis. As a group, equities analysts anticipate that Pentair plc will post 4.63 EPS for the current fiscal year.

Pentair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, October 23rd. Pentair's dividend payout ratio is presently 27.14%.

Pentair Profile

Pentair plc NYSE: PNR is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.

The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.

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