Intech Investment Management LLC reduced its position in Pentair plc (NYSE:PNR – Free Report) by 53.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,867 shares of the industrial products company’s stock after selling 6,798 shares during the quarter. Intech Investment Management LLC’s holdings in Pentair were worth $650,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Richardson Financial Services Inc. raised its position in Pentair by 64.9% during the third quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 98 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings 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. Root Financial Partners LLC bought a new position in shares of Pentair in the 3rd quarter valued at $41,000. CoreCap Advisors LLC raised its holdings in shares of Pentair by 58.8% during the 3rd quarter. CoreCap Advisors LLC now owns 405 shares of the industrial products company’s stock worth $45,000 after buying an additional 150 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Pentair during the 2nd quarter worth $45,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Pentair news, EVP Philip M. Rolchigo sold 6,493 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total transaction of $670,207.46. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael T. Speetzen sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $99.99, for a total transaction of $699,930.00. Following the transaction, the director owned 8,290 shares of the company’s stock, valued at approximately $828,917.10. The trade was a 45.78% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.45% of the company’s stock.
Pentair Trading Down 2.2%
Pentair (NYSE:PNR – Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Pentair had a net margin of 15.66% and a return on equity of 21.79%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. Pentair’s revenue was up 4.9% compared to the same quarter last year. Pentair has set its FY 2026 guidance at 5.250-5.400 EPS and its Q1 2026 guidance at 1.150-1.180 EPS. As a group, equities analysts forecast that Pentair plc will post 4.77 EPS for the current year.
Pentair Dividend Announcement
The business also recently declared 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, April 17th. Pentair’s payout ratio is 27.27%.
Analyst Upgrades and Downgrades
PNR has been the topic of several research analyst reports. Barclays set a $102.00 price objective on Pentair in a research note on Thursday, February 5th. JPMorgan Chase & Co. dropped their target price on shares of Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Oppenheimer restated an “outperform” rating and issued a $122.00 price target (down from $128.00) on shares of Pentair in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pentair in a report on Thursday, January 22nd. Finally, Wolfe Research reiterated an “outperform” rating and set a $135.00 price objective on shares of Pentair in a research report on Tuesday, December 9th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Pentair presently has an average rating of “Hold” and an average price target of $114.47.
Check Out Our Latest Report on Pentair
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.
Featured Articles
- Five stocks we like better than Pentair
- The gold chart Wall Street is terrified of…
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
Want to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair plc (NYSE:PNR – Free Report).
Receive News & Ratings for Pentair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pentair and related companies with MarketBeat.com's FREE daily email newsletter.
