Mn Services Vermogensbeheer B.V. Cuts Stock Holdings in Pentair plc (NYSE:PNR)

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Pentair plc (NYSE:PNR - Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,100 shares of the industrial products company's stock after selling 4,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Pentair were worth $5,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its position in Pentair by 35.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 30,770 shares of the industrial products company's stock worth $2,692,000 after buying an additional 7,977 shares during the last quarter. Ritholtz Wealth Management lifted its position in Pentair by 44.7% in the 1st quarter. Ritholtz Wealth Management now owns 3,031 shares of the industrial products company's stock worth $265,000 after buying an additional 937 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Pentair in the 1st quarter worth approximately $28,000. Fifth Third Bancorp lifted its position in Pentair by 6.6% in the 1st quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company's stock worth $356,000 after buying an additional 253 shares during the last quarter. Finally, CX Institutional lifted its position in Pentair by 12.8% in the 1st quarter. CX Institutional now owns 2,751 shares of the industrial products company's stock worth $241,000 after buying an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Price Performance

PNR opened at $96.22 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 1.89. Pentair plc has a 52-week low of $72.63 and a 52-week high of $110.71. The stock has a market capitalization of $15.83 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. The stock's 50 day moving average price is $93.39 and its 200-day moving average price is $95.48.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The industrial products company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.10. The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $988.38 million. Pentair had a return on equity of 21.24% and a net margin of 15.87%. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, equities research analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be paid a $0.25 dividend. The ex-dividend date is Friday, July 18th. This represents a $1.00 annualized dividend and a yield of 1.04%. Pentair's payout ratio is 25.84%.

Insider Buying and Selling

In related news, Director David A. /Wi Jones sold 6,558 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $89.94, for a total value of $589,826.52. Following the sale, the director now directly owns 26,313 shares of the company's stock, valued at $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.45% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on PNR shares. JPMorgan Chase & Co. upgraded Pentair from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $90.00 to $113.00 in a research report on Friday, May 16th. Barclays boosted their target price on Pentair from $110.00 to $111.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd. Wall Street Zen raised Pentair from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Stifel Nicolaus decreased their price target on Pentair from $125.00 to $102.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, UBS Group decreased their price target on Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $107.14.

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.

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