Pentair plc $PNR Shares Sold by Korea Investment CORP

Korea Investment CORP cut its stake in shares of Pentair plc (NYSE:PNR) by 28.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,368 shares of the industrial products company’s stock after selling 47,903 shares during the quarter. Korea Investment CORP owned about 0.07% of Pentair worth $13,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PNR. State Street Corp lifted its position in Pentair by 5.9% during the 2nd quarter. State Street Corp now owns 8,970,940 shares of the industrial products company’s stock worth $920,957,000 after acquiring an additional 501,506 shares during the period. Nordea Investment Management AB increased its holdings in shares of Pentair by 173.6% in the third quarter. Nordea Investment Management AB now owns 2,837,753 shares of the industrial products company’s stock valued at $311,046,000 after purchasing an additional 1,800,669 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Pentair by 6.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,333,689 shares of the industrial products company’s stock worth $258,479,000 after purchasing an additional 149,858 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Pentair by 37.6% during the second quarter. Ameriprise Financial Inc. now owns 1,565,882 shares of the industrial products company’s stock worth $160,751,000 after purchasing an additional 428,200 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of Pentair by 3.0% during the third quarter. Bessemer Group Inc. now owns 1,230,727 shares of the industrial products company’s stock worth $136,315,000 after purchasing an additional 36,063 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PNR shares. Barclays set a $102.00 price target on shares of Pentair in a report on Thursday, February 5th. Robert W. Baird set a $117.00 price objective on shares of Pentair in a report on Wednesday, February 4th. Oppenheimer reiterated an “outperform” rating and issued a $122.00 price objective (down from $128.00) on shares of Pentair in a research note on Wednesday, February 4th. Citigroup reduced their target price on shares of Pentair from $126.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Pentair from $132.00 to $124.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $114.47.

Insider Activity

In other news, Director Michael T. Speetzen sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $99.99, for a total transaction of $699,930.00. Following the sale, the director directly owned 8,290 shares in the company, valued at $828,917.10. This trade represents a 45.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Philip M. Rolchigo sold 6,493 shares of Pentair stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total value of $670,207.46. Following the completion of the transaction, the executive vice president owned 29,096 shares of the company’s stock, valued at approximately $3,003,289.12. This represents a 18.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Pentair Trading Up 0.8%

Pentair stock opened at $90.86 on Thursday. The firm has a market cap of $14.83 billion, a PE ratio of 22.94, a P/E/G ratio of 1.60 and a beta of 1.23. Pentair plc has a 12 month low of $74.25 and a 12 month high of $113.95. The stock’s 50 day simple moving average is $101.33 and its two-hundred day simple moving average is $105.40. The company has a current ratio of 1.61, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.01. Pentair had a net margin of 15.66% and a return on equity of 21.79%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the firm earned $1.08 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Pentair has set its FY 2026 guidance at 5.250-5.400 EPS and its Q1 2026 guidance at 1.150-1.180 EPS. Analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 17th will be given a $0.27 dividend. The ex-dividend date is Friday, April 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. Pentair’s dividend payout ratio is 27.27%.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.