Pentair plc $PNR Holdings Raised by Ethic Inc.

Ethic Inc. lifted its stake in shares of Pentair plc (NYSE:PNR) by 10.6% during the second quarter, Holdings Channel.com reports. The firm owned 25,765 shares of the industrial products company’s stock after acquiring an additional 2,465 shares during the period. Ethic Inc.’s holdings in Pentair were worth $2,669,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Chicago Partners Investment Group LLC bought a new stake in shares of Pentair during the second quarter valued at about $336,000. Hoese & Co LLP bought a new stake in shares of Pentair during the second quarter valued at about $103,000. Chevy Chase Trust Holdings LLC raised its stake in shares of Pentair by 0.3% during the second quarter. Chevy Chase Trust Holdings LLC now owns 86,903 shares of the industrial products company’s stock valued at $8,921,000 after purchasing an additional 246 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Pentair by 52.4% during the second quarter. Nordea Investment Management AB now owns 1,037,084 shares of the industrial products company’s stock valued at $106,146,000 after purchasing an additional 356,775 shares in the last quarter. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of Pentair during the second quarter valued at about $323,000. 92.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PNR. Citigroup lifted their price objective on shares of Pentair from $126.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Pentair in a research report on Wednesday, October 8th. Robert W. Baird set a $130.00 price target on shares of Pentair in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Pentair from $116.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, Mizuho boosted their price target on shares of Pentair from $118.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $119.93.

Pentair Trading Down 0.8%

Shares of PNR opened at $109.78 on Friday. The business’s 50-day moving average price is $109.43 and its 200 day moving average price is $101.81. The stock has a market capitalization of $17.96 billion, a P/E ratio of 27.86, a P/E/G ratio of 2.06 and a beta of 1.10. Pentair plc has a 1-year low of $74.25 and a 1-year high of $113.95. The company has a current ratio of 1.46, a quick ratio of 0.84 and a debt-to-equity ratio of 0.42.

Pentair (NYSE:PNR) last issued its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.06. The firm had revenue of $1.02 billion for 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%.Pentair’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS. FY 2025 guidance at 4.850-4.900 EPS. Analysts expect that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. Pentair’s dividend payout ratio (DPR) is currently 25.38%.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.