Stevens Capital Management LP acquired a new stake in Pentair plc (NYSE:PNR – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,214 shares of the industrial products company’s stock, valued at approximately $227,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of PNR. First Horizon Advisors Inc. boosted its position in shares of Pentair by 105.4% in the second quarter. First Horizon Advisors Inc. now owns 345 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 177 shares during the period. Garde Capital Inc. acquired a new stake in Pentair in the 2nd quarter worth about $41,000. North Star Investment Management Corp. boosted its holdings in Pentair by 91.5% in the 2nd quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 193 shares during the period. Brooklyn Investment Group grew its position in shares of Pentair by 14.8% during the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 109 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Pentair by 101.6% during the second quarter. Allworth Financial LP now owns 740 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 373 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on PNR. Oppenheimer boosted their price target on Pentair from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday. Royal Bank Of Canada upped their price target on shares of Pentair from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Robert W. Baird set a $130.00 price target on shares of Pentair in a research report on Wednesday, October 22nd. UBS Group boosted their price objective on shares of Pentair from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Citigroup raised their target price on Pentair from $126.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Pentair has an average rating of “Moderate Buy” and an average price target of $120.21.
Pentair Trading Up 3.4%
Shares of PNR stock opened at $104.89 on Friday. Pentair plc has a twelve month low of $74.25 and a twelve month high of $113.95. The stock’s fifty day simple moving average is $108.55 and its 200 day simple moving average is $104.90. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $17.16 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.00 and a beta of 1.14.
Pentair (NYSE:PNR – Get Free Report) last posted its earnings results on Tuesday, October 21st. The industrial products company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.18 by $0.06. Pentair had a return on equity of 21.83% and a net margin of 15.84%.The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned $1.09 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS. FY 2025 guidance at 4.850-4.900 EPS. As a group, sell-side analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.
Pentair Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.0%. Pentair’s payout ratio is currently 25.38%.
Insiders Place Their Bets
In related news, CFO Robert P. Fishman sold 7,786 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $105.42, for a total transaction of $820,800.12. Following the completion of the transaction, the chief financial officer directly owned 63,164 shares of the company’s stock, valued at $6,658,748.88. This trade represents a 10.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.
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.
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