Perpetual Ltd Sells 17,667 Shares of Pentair plc $PNR

Perpetual Ltd trimmed its stake in Pentair plc (NYSE:PNR) by 10.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,676 shares of the industrial products company’s stock after selling 17,667 shares during the period. Perpetual Ltd owned approximately 0.09% of Pentair worth $16,578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its holdings in Pentair by 105.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 345 shares of the industrial products company’s stock valued at $35,000 after buying an additional 177 shares during the period. Garde Capital Inc. bought a new position in Pentair during the second quarter valued at $41,000. North Star Investment Management Corp. raised its stake in shares of Pentair by 91.5% in the second quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 193 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Pentair in the 2nd quarter worth about $45,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Pentair during the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on PNR shares. Wolfe Research reissued an “outperform” rating and issued a $135.00 price objective on shares of Pentair in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Pentair in a report on Wednesday, October 8th. Jefferies Financial Group upgraded Pentair from a “hold” rating to a “buy” rating and boosted their price objective for the company from $120.00 to $135.00 in a report on Wednesday, December 10th. Oppenheimer increased their target price on Pentair from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Finally, UBS Group boosted their target price on shares of Pentair from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.07.

Insiders Place Their Bets

In other Pentair news, CFO Robert P. Fishman sold 7,786 shares of the company’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 sale, the chief financial officer owned 63,164 shares in the company, valued at $6,658,748.88. This represents a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director T Michael Glenn sold 6,558 shares of Pentair stock in a transaction on Monday, December 1st. The shares were sold at an average price of $104.33, for a total value of $684,196.14. Following the completion of the transaction, the director owned 31,192 shares in the company, valued at $3,254,261.36. This represents a 17.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Pentair Stock Performance

PNR stock opened at $103.82 on Friday. Pentair plc has a 1-year low of $74.25 and a 1-year high of $113.95. The business has a 50-day moving average price of $106.33 and a 200 day moving average price of $105.84. The company has a market capitalization of $16.99 billion, a P/E ratio of 26.35, a PEG ratio of 1.99 and a beta of 1.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 0.82.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 21st. The industrial products company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.06. Pentair had a net margin of 15.84% and a return on equity of 21.83%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the firm posted $1.09 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS and its FY 2025 guidance at 4.850-4.900 EPS. As a group, equities research analysts forecast that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Pentair’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, January 23rd. Pentair’s payout ratio is presently 25.38%.

Pentair Company Profile

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.