Parnassus Investments LLC Sells 16,641 Shares of Pentair plc $PNR

Parnassus Investments LLC lessened its holdings in Pentair plc (NYSE:PNR) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 426,906 shares of the industrial products company’s stock after selling 16,641 shares during the period. Parnassus Investments LLC’s holdings in Pentair were worth $47,284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PNR. First Horizon Advisors Inc. boosted its stake in shares of Pentair by 105.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 345 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 177 shares in the last quarter. Garde Capital Inc. acquired a new stake in Pentair in the second quarter valued at approximately $41,000. North Star Investment Management Corp. grew its stake in shares of Pentair by 91.5% during the second quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock worth $41,000 after buying an additional 193 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Pentair during the second quarter worth $45,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Pentair by 58.8% in the 3rd quarter. CoreCap Advisors LLC now owns 405 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling at Pentair

In other news, Director T Michael Glenn sold 6,558 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $104.33, for a total transaction of $684,196.14. Following the transaction, the director owned 31,192 shares in the company, valued at approximately $3,254,261.36. This represents a 17.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert P. Fishman sold 7,786 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $105.42, for a total transaction of $820,800.12. Following the transaction, the chief financial officer directly owned 63,164 shares in the company, valued at $6,658,748.88. This trade represents a 10.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Pentair Stock Performance

PNR stock opened at $103.12 on Friday. The firm has a market cap of $16.88 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.81 and a beta of 1.22. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $104.97 and a 200-day moving average price of $106.46. Pentair plc has a 1-year low of $74.25 and a 1-year high of $113.95.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 21st. The industrial products company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.18 by $0.06. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. Pentair had a return on equity of 21.83% and a net margin of 15.84%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. 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 expect that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PNR shares. UBS Group boosted their price objective on Pentair from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. BNP Paribas Exane reiterated an “underperform” rating and issued a $90.00 price objective on shares of Pentair in a report on Wednesday. Jefferies Financial Group upgraded shares of Pentair from a “hold” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $135.00 in a research report on Wednesday, December 10th. Barclays downgraded shares of Pentair from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $127.00 to $115.00 in a research note on Thursday, December 4th. Finally, JPMorgan Chase & Co. raised their target price on Pentair from $116.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.31.

Pentair 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.