Pentair plc $PNR Stake Cut by Voya Investment Management LLC

Voya Investment Management LLC decreased its holdings in shares of Pentair plc (NYSE:PNR) by 30.8% in the 3rd quarter, Holdings Channel reports. The firm owned 79,485 shares of the industrial products company’s stock after selling 35,313 shares during the quarter. Voya Investment Management LLC’s holdings in Pentair were worth $8,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of PNR. State Street Corp grew its position in shares of Pentair by 5.9% during the 2nd quarter. State Street Corp now owns 8,970,940 shares of the industrial products company’s stock valued at $920,957,000 after buying an additional 501,506 shares during the last quarter. Amundi grew its holdings in shares of Pentair by 13.6% during the first quarter. Amundi now owns 4,974,612 shares of the industrial products company’s stock valued at $412,033,000 after purchasing an additional 594,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Pentair by 19.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,129,805 shares of the industrial products company’s stock worth $361,275,000 after purchasing an additional 661,154 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Pentair by 6.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,183,831 shares of the industrial products company’s stock worth $224,192,000 after purchasing an additional 133,057 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Pentair by 9.5% in the 2nd quarter. ProShare Advisors LLC now owns 1,844,943 shares of the industrial products company’s stock worth $189,402,000 after purchasing an additional 159,438 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Insider Activity at Pentair

In other news, Director T Michael Glenn sold 6,558 shares of Pentair stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $104.33, for a total value of $684,196.14. Following the transaction, the director owned 31,192 shares of the company’s stock, valued at $3,254,261.36. The trade was a 17.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert P. Fishman sold 7,786 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $105.42, for a total transaction of $820,800.12. Following the sale, the chief financial officer directly owned 63,164 shares of the company’s stock, valued at approximately $6,658,748.88. This represents a 10.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen raised Pentair from a “hold” rating to a “buy” rating in a research report on Sunday, December 14th. Barclays lowered shares of Pentair from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $127.00 to $115.00 in a research report on Thursday, December 4th. JPMorgan Chase & Co. lifted their price objective on shares of Pentair from $116.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Citigroup upped their target price on shares of Pentair from $126.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Wolfe Research restated an “outperform” rating and issued a $135.00 price target on shares of Pentair in a research note on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.07.

Pentair Price Performance

NYSE PNR opened at $105.53 on Wednesday. Pentair plc has a 12 month low of $74.25 and a 12 month high of $113.95. The firm has a market capitalization of $17.27 billion, a PE ratio of 26.78, a P/E/G ratio of 2.03 and a beta of 1.21. The company’s 50 day simple moving average is $106.17 and its 200 day simple moving average is $106.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 0.82.

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

Pentair Increases Dividend

The firm 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. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, January 23rd. This is a positive change from Pentair’s previous quarterly dividend of $0.25. Pentair’s dividend payout ratio is currently 25.38%.

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.