Achmea Investment Management B.V. Has $3.38 Million Holdings in Pentair plc (NYSE:PNR)

Achmea Investment Management B.V. trimmed its holdings in Pentair plc (NYSE:PNR - Free Report) by 24.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,567 shares of the industrial products company's stock after selling 10,580 shares during the period. Achmea Investment Management B.V.'s holdings in Pentair were worth $3,378,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Independent Advisor Alliance boosted its holdings in Pentair by 1.4% in the fourth quarter. Independent Advisor Alliance now owns 7,628 shares of the industrial products company's stock worth $768,000 after purchasing an additional 103 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Pentair by 11.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,194 shares of the industrial products company's stock valued at $120,000 after purchasing an additional 118 shares during the period. Richardson Financial Services Inc. lifted its stake in shares of Pentair by 16.1% in the fourth quarter. Richardson Financial Services Inc. now owns 916 shares of the industrial products company's stock worth $92,000 after buying an additional 127 shares during the last quarter. Quarry LP boosted its holdings in shares of 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 period. Finally, Annex Advisory Services LLC grew its stake in Pentair by 2.9% in the 4th quarter. Annex Advisory Services LLC now owns 5,369 shares of the industrial products company's stock valued at $540,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PNR shares. Wolfe Research began coverage on shares of Pentair in a research report on Tuesday, November 26th. They set an "outperform" rating and a $125.00 target price for the company. Robert W. Baird increased their target price on Pentair from $106.00 to $114.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price target on Pentair from $126.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Citigroup lowered their price objective on shares of Pentair from $126.00 to $119.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Finally, Barclays boosted their target price on shares of Pentair from $108.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $112.93.

Pentair Price Performance

NYSE:PNR traded up $1.82 during mid-day trading on Wednesday, hitting $89.19. The company's stock had a trading volume of 1,749,358 shares, compared to its average volume of 1,374,347. The company has a market capitalization of $14.70 billion, a price-to-earnings ratio of 23.85, a P/E/G ratio of 1.87 and a beta of 1.23. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Pentair plc has a fifty-two week low of $72.63 and a fifty-two week high of $110.71. The stock has a fifty day moving average of $96.34 and a 200-day moving average of $98.71.

Pentair (NYSE:PNR - Get Free Report) last released its quarterly earnings data 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%. The company's revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. As a group, equities analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Friday, April 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. Pentair's dividend payout ratio is presently 26.74%.

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.