Van Lanschot Kempen Investment Management N.V. Has $2.87 Million Position in Pentair plc (NYSE:PNR)

Van Lanschot Kempen Investment Management N.V. grew its holdings in Pentair plc (NYSE:PNR) by 244.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,476 shares of the industrial products company’s stock after purchasing an additional 26,604 shares during the quarter. Van Lanschot Kempen Investment Management N.V.’s holdings in Pentair were worth $2,873,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PNR. Kodai Capital Management LP acquired a new stake in shares of Pentair in the fourth quarter valued at about $173,280,000. DekaBank Deutsche Girozentrale grew its position in Pentair by 352.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,577,208 shares of the industrial products company’s stock worth $134,695,000 after buying an additional 1,228,635 shares in the last quarter. Swedbank AB acquired a new stake in Pentair during the first quarter worth about $97,083,000. AMF Tjanstepension AB acquired a new stake in Pentair during the first quarter worth about $45,096,000. Finally, Goldman Sachs Group Inc. grew its position in Pentair by 138.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 834,203 shares of the industrial products company’s stock worth $60,655,000 after buying an additional 484,810 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PNR has been the topic of a number of recent research reports. Barclays lifted their target price on Pentair from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group raised their price target on shares of Pentair from $85.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Royal Bank of Canada raised their price target on shares of Pentair from $99.00 to $101.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Pentair from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, KeyCorp raised their price target on shares of Pentair from $92.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $92.87.

Pentair Trading Up 3.0 %

Shares of PNR stock traded up $2.52 on Friday, hitting $86.82. The stock had a trading volume of 1,159,678 shares, compared to its average volume of 1,594,756. Pentair plc has a twelve month low of $57.18 and a twelve month high of $89.63. The firm has a market cap of $14.37 billion, a P/E ratio of 23.09, a PEG ratio of 1.52 and a beta of 1.21. The company has a current ratio of 1.65, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $81.11 and a two-hundred day moving average price of $80.47.

Pentair (NYSE:PNR) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.14 by $0.08. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Pentair had a net margin of 16.05% and a return on equity of 20.39%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. As a group, analysts forecast that Pentair plc will post 4.25 earnings per share for the current fiscal year.

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.