Robeco Institutional Asset Management B.V. Trims Holdings in Pentair plc (NYSE:PNR)

Robeco Institutional Asset Management B.V. decreased its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 32.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 68,709 shares of the industrial products company's stock after selling 33,165 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Pentair were worth $6,719,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Pentair in the 2nd quarter valued at about $25,000. Crewe Advisors LLC increased its position in Pentair by 376.1% during the 2nd quarter. Crewe Advisors LLC now owns 338 shares of the industrial products company's stock valued at $26,000 after buying an additional 267 shares in the last quarter. Blue Trust Inc. boosted its holdings in Pentair by 165.2% in the third quarter. Blue Trust Inc. now owns 525 shares of the industrial products company's stock worth $51,000 after acquiring an additional 327 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Pentair in the second quarter worth $48,000. Finally, LRI Investments LLC bought a new position in shares of Pentair during the first quarter valued at $56,000. Institutional investors own 92.37% of the company's stock.

Insider Transactions at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 3,588 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $99.67, for a total value of $357,615.96. Following the completion of the sale, the executive vice president now owns 19,232 shares of the company's stock, valued at approximately $1,916,853.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

PNR has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Pentair from $93.00 to $103.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Mizuho raised their price target on shares of Pentair from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. UBS Group upped their price objective on Pentair from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Pentair from $90.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. Finally, KeyCorp increased their price objective on Pentair from $110.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $104.80.

Pentair Trading Up 1.5 %

Shares of NYSE:PNR traded up $1.57 during trading on Friday, reaching $104.51. 902,589 shares of the company were exchanged, compared to its average volume of 1,561,867. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 0.91. The firm has a market capitalization of $17.27 billion, a PE ratio of 26.25, a P/E/G ratio of 1.83 and a beta of 1.19. The business's fifty day simple moving average is $95.46 and its 200-day simple moving average is $86.17. Pentair plc has a 12-month low of $60.15 and a 12-month high of $107.32.

Pentair (NYSE:PNR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. Pentair had a net margin of 16.29% and a return on equity of 20.48%. The firm had revenue of $993.40 million during the quarter, compared to analysts' expectations of $988.53 million. During the same quarter in the prior year, the company earned $0.94 EPS. The company's revenue was down 1.5% compared to the same quarter last year. On average, research analysts anticipate that Pentair plc will post 4.28 EPS for the current year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 18th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, October 18th. Pentair's dividend payout ratio is currently 23.00%.

Pentair 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.