Neuberger Berman Group LLC Acquires 139,576 Shares of Pentair plc $PNR

Neuberger Berman Group LLC boosted its stake in shares of Pentair plc (NYSE:PNR) by 263.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,462 shares of the industrial products company’s stock after purchasing an additional 139,576 shares during the quarter. Neuberger Berman Group LLC owned about 0.12% of Pentair worth $21,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PNR. Nordea Investment Management AB lifted its stake in shares of Pentair by 173.6% during the 3rd quarter. Nordea Investment Management AB now owns 2,837,753 shares of the industrial products company’s stock worth $311,046,000 after buying an additional 1,800,669 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in Pentair in the 2nd quarter valued at about $102,945,000. Panagora Asset Management Inc. raised its holdings in Pentair by 77.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,179,687 shares of the industrial products company’s stock valued at $121,107,000 after acquiring an additional 514,571 shares during the period. State Street Corp lifted its position in Pentair by 5.9% during the second 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 last quarter. Finally, Pacer Advisors Inc. lifted its position in Pentair by 3,428.7% during the third quarter. Pacer Advisors Inc. now owns 512,402 shares of the industrial products company’s stock worth $56,754,000 after acquiring an additional 497,881 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on PNR. Robert W. Baird set a $117.00 target price on Pentair in a research report on Wednesday, February 4th. Oppenheimer reissued an “outperform” rating and set a $122.00 price target (down from $128.00) on shares of Pentair in a report on Wednesday, February 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Pentair in a research note on Thursday, January 22nd. Barclays set a $102.00 price objective on Pentair in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. dropped their target price on Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $114.47.

Pentair Stock Down 3.9%

Shares of PNR opened at $92.25 on Friday. 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 plc has a 12 month low of $74.25 and a 12 month high of $113.95. The firm’s 50 day moving average is $102.18 and its 200-day moving average is $105.71. The stock has a market capitalization of $15.06 billion, a PE ratio of 23.30, a P/E/G ratio of 1.63 and a beta of 1.23.

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

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be given a dividend of $0.27 per share. 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 dividend payout ratio is presently 27.27%.

Insiders Place Their Bets

In other news, Director Michael T. Speetzen sold 7,000 shares of the stock in a transaction 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 sale, the director directly owned 8,290 shares of the company’s stock, valued at approximately $828,917.10. This represents a 45.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Philip M. Rolchigo sold 6,493 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was 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 in the company, valued at $3,003,289.12. The trade was 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 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.