Pentair plc (NYSE:PNR) Holdings Boosted by Bessemer Group Inc.

Bessemer Group Inc. increased its position in Pentair plc (NYSE:PNR - Free Report) by 37.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,283,164 shares of the industrial products company's stock after buying an additional 346,843 shares during the period. Bessemer Group Inc. owned 0.78% of Pentair worth $129,137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of Pentair by 3.8% in the third quarter. HighTower Advisors LLC now owns 48,035 shares of the industrial products company's stock worth $4,694,000 after purchasing an additional 1,774 shares during the last quarter. Quarry LP grew its stake in Pentair by 105.5% during the 3rd quarter. Quarry LP now owns 261 shares of the industrial products company's stock worth $26,000 after buying an additional 134 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Pentair by 64.2% during the third quarter. Quantinno Capital Management LP now owns 19,297 shares of the industrial products company's stock worth $1,887,000 after acquiring an additional 7,546 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Pentair during the 3rd quarter valued at approximately $440,000. Finally, Orion Portfolio Solutions LLC raised its stake in Pentair by 80.8% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 6,347 shares of the industrial products company's stock worth $621,000 after acquiring an additional 2,837 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

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Pentair Stock Performance

NYSE:PNR traded up $0.01 during midday trading on Tuesday, reaching $82.80. The stock had a trading volume of 231,382 shares, compared to its average volume of 1,492,632. The stock has a market cap of $13.66 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.87 and a beta of 1.13. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Pentair plc has a 12-month low of $72.63 and a 12-month high of $110.71. The firm has a fifty day simple moving average of $89.22 and a two-hundred day simple moving average of $97.67.

Pentair (NYSE:PNR - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.06. The company had revenue of $972.90 million for the quarter, compared to analyst estimates of $970.95 million. Pentair had a return on equity of 20.94% and a net margin of 15.32%. Pentair's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. On average, equities analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Friday, April 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 1.21%. Pentair's payout ratio is 26.74%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Robert W. Baird raised shares of Pentair from a "neutral" rating to an "outperform" rating and set a $114.00 price target for the company in a research report on Tuesday, March 25th. Barclays decreased their price objective on Pentair from $120.00 to $110.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. StockNews.com cut Pentair from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. KeyCorp restated a "sector weight" rating and issued a $115.00 price target on shares of Pentair in a research note on Monday, January 6th. Finally, Baird R W raised Pentair from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.87.

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.