Ethic Inc. Purchases 36,501 Shares of Pentair plc $PNR

Ethic Inc. purchased a new position in shares of Pentair plc (NYSE:PNR) in the 3rd quarter, Holdings Channel reports. The firm purchased 36,501 shares of the industrial products company’s stock, valued at approximately $1,934,000.

Other institutional investors also recently made changes to their positions in the company. Amundi boosted its stake in shares of Pentair by 13.1% during the first quarter. Amundi now owns 4,237,659 shares of the industrial products company’s stock valued at $369,208,000 after acquiring an additional 491,758 shares during the last quarter. Hsbc Holdings PLC raised its stake in Pentair by 1,459.8% in the 1st quarter. Hsbc Holdings PLC now owns 1,270,578 shares of the industrial products company’s stock valued at $110,617,000 after purchasing an additional 1,189,122 shares during the last quarter. First Trust Advisors LP lifted its holdings in Pentair by 52.9% in the 1st quarter. First Trust Advisors LP now owns 1,215,064 shares of the industrial products company’s stock valued at $105,844,000 after purchasing an additional 420,140 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Pentair by 57.2% in the 1st quarter. California Public Employees Retirement System now owns 503,272 shares of the industrial products company’s stock valued at $43,840,000 after purchasing an additional 183,089 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Pentair by 7.1% during the 1st quarter. Swiss National Bank now owns 480,287 shares of the industrial products company’s stock worth $41,838,000 after purchasing an additional 31,900 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PNR shares. BNP Paribas Exane upgraded shares of Pentair from an “underperform” rating to a “neutral” rating and set a $65.00 price target for the company in a report on Wednesday, October 28th. Citigroup upped their price objective on shares of Pentair from $69.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. William Blair set a $50.00 price objective on shares of Pentair in a research note on Wednesday, October 14th. TD Cowen upgraded shares of Pentair from a “sell” rating to a “hold” rating and decreased their target price for the stock from $65.00 to $55.00 in a research report on Wednesday, October 14th. Finally, Stifel Nicolaus cut shares of Pentair from a “buy” rating to a “hold” rating and lowered their target price for the stock from $103.00 to $65.00 in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $76.59.

More Pentair News

These are some of the PNR news items that stood out recently:

• Positive Sentiment: Zacks projects EPS of $5.21 in FY2027 and $5.84 in FY2028, up from its FY2026 estimate of $4.69. That outlook suggests improving earnings over time, though the articles do not say the forecasts were raised. Pentair estimates
• Neutral Sentiment: Zacks’ Hold rating tempers the positive longer-term forecast. Its FY2026 EPS estimate of $4.69 is also close to the cited full-year consensus of $4.70, offering little indication of a current-year earnings surprise. Pentair analyst rating and estimates

Pentair Stock Down 1.8%

PNR opened at $68.05 on Friday. Pentair plc has a 12 month low of $51.13 and a 12 month high of $109.35. The business has a 50-day moving average of $58.13 and a two-hundred day moving average of $74.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 0.77. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.63 and a beta of 1.01.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.11. Pentair had a net margin of 15.44% and a return on equity of 20.10%. The business had revenue of $976.40 million for the quarter, compared to analyst estimates of $963.71 million. During the same period in the prior year, the firm posted $1.24 EPS. The company’s revenue was down 4.5% on a year-over-year basis. On average, research analysts expect that Pentair plc will post 4.70 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 6th. Investors of record on Friday, October 23rd were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, October 23rd. This represents a $1.08 annualized dividend and a yield of 1.6%. Pentair’s dividend payout ratio is 28.65%.

Pentair Company Profile

Pentair plc is a water solutions company that develops and supplies products and services for managing, treating and moving water. Its offerings include water filtration and treatment systems, pumps, valves and related equipment for residential, commercial, industrial and agricultural customers. The company also serves the pool and spa market, providing equipment and systems such as pumps, filters, heaters and water-care products. Pentair serves customers in markets around the world. Founded in 1966, Pentair has evolved from its origins as a diversified manufacturer into a company focused on water-related businesses.