Thrivent Financial for Lutherans Sells 23,762 Shares of Pentair plc $PNR

Thrivent Financial for Lutherans decreased its position in Pentair plc (NYSE:PNR) by 19.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 99,447 shares of the industrial products company’s stock after selling 23,762 shares during the period. Thrivent Financial for Lutherans’ holdings in Pentair were worth $10,209,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in PNR. Portside Wealth Group LLC lifted its position in shares of Pentair by 2.9% in the second quarter. Portside Wealth Group LLC now owns 3,644 shares of the industrial products company’s stock worth $374,000 after purchasing an additional 102 shares in the last quarter. Greenwich Wealth Management LLC grew its position in Pentair by 1.4% in the second quarter. Greenwich Wealth Management LLC now owns 7,223 shares of the industrial products company’s stock valued at $742,000 after purchasing an additional 102 shares in the last quarter. Captrust Financial Advisors increased its stake in Pentair by 0.3% in the 2nd quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company’s stock valued at $3,915,000 after buying an additional 107 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Pentair by 0.5% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,965 shares of the industrial products company’s stock worth $2,050,000 after buying an additional 108 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of Pentair by 14.8% during the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company’s stock worth $74,000 after buying an additional 109 shares during the last quarter. 92.37% of the stock is owned by institutional investors.

Pentair Stock Performance

Shares of NYSE PNR opened at $103.60 on Thursday. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $16.95 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.01 and a beta of 1.21. Pentair plc has a 12 month low of $74.25 and a 12 month high of $113.95. The stock has a 50 day moving average of $106.53 and a 200-day moving average of $105.82.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.06. Pentair had a return on equity of 21.83% and a net margin of 15.84%.The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the firm posted $1.09 EPS. The company’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 predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a $0.27 dividend. This is an increase from Pentair’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, January 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. Pentair’s dividend payout ratio (DPR) is currently 25.38%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PNR. Barclays downgraded Pentair from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $127.00 to $115.00 in a research report on Thursday, December 4th. JPMorgan Chase & Co. raised their price target on Pentair from $116.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Pentair in a research note on Wednesday, October 8th. Oppenheimer increased their price objective on Pentair from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. Finally, Royal Bank Of Canada raised their target price on shares of Pentair from $121.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $121.07.

Insider Activity

In other news, CFO Robert P. Fishman sold 7,786 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $105.42, for a total value of $820,800.12. Following the transaction, the chief financial officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director T Michael Glenn sold 6,558 shares of Pentair stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $104.33, for a total value of $684,196.14. Following the sale, the director directly owned 31,192 shares of the company’s stock, valued at approximately $3,254,261.36. The trade was a 17.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

Pentair Company Profile

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.