Robeco Schweiz AG Sells 255,383 Shares of Pentair plc (NYSE:PNR)

Robeco Schweiz AG reduced its position in Pentair plc (NYSE:PNR - Free Report) by 29.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 616,259 shares of the industrial products company's stock after selling 255,383 shares during the period. Pentair accounts for approximately 1.3% of Robeco Schweiz AG's portfolio, making the stock its 27th largest holding. Robeco Schweiz AG owned approximately 0.37% of Pentair worth $53,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Pentair by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 20,216,366 shares of the industrial products company's stock valued at $2,034,575,000 after acquiring an additional 148,031 shares during the period. FMR LLC increased its position in shares of Pentair by 7.0% during 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 during the period. Geode Capital Management LLC increased its position in shares of Pentair by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 4,086,763 shares of the industrial products company's stock valued at $410,240,000 after buying an additional 87,244 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Pentair by 6.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,468,651 shares of the industrial products company's stock valued at $349,085,000 after buying an additional 217,867 shares during the period. Finally, Northern Trust Corp increased its position in shares of Pentair by 27.9% during the fourth quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company's stock valued at $197,482,000 after buying an additional 428,184 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Pentair Price Performance

PNR traded down $0.59 during midday trading on Friday, hitting $107.09. The stock had a trading volume of 1,427,750 shares, compared to its average volume of 1,463,915. The company has a market cap of $17.62 billion, a P/E ratio of 27.67, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. The business has a fifty day moving average of $99.75 and a 200 day moving average of $95.19. 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 1 year low of $74.25 and a 1 year high of $110.71.

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

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, July 18th. Pentair's dividend payout ratio (DPR) is presently 25.84%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PNR shares. 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 report on Wednesday, April 16th. Citigroup decreased their price target on Pentair from $118.00 to $98.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays upped their price target on Pentair from $111.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday. Baird R W raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Finally, Mizuho set a $100.00 price objective on Pentair in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $107.50.

Insider Buying and Selling at Pentair

In other news, Director David A. /Wi Jones sold 6,558 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $89.94, for a total transaction of $589,826.52. Following the completion of the sale, the director owned 26,313 shares of the company's stock, valued at approximately $2,366,591.22. This represents a 19.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

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.