Thurston Springer Miller Herd & Titak Inc. Sells 13,610 Shares of Pentair plc $PNR

Thurston Springer Miller Herd & Titak Inc. lessened its stake in Pentair plc (NYSE:PNR) by 92.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,080 shares of the industrial products company’s stock after selling 13,610 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Pentair were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Pentair by 5.9% in the second quarter. State Street Corp now owns 8,970,940 shares of the industrial products company’s stock valued at $920,957,000 after purchasing an additional 501,506 shares in the last quarter. Amundi increased its stake in shares of Pentair by 13.6% in the 1st quarter. Amundi now owns 4,974,612 shares of the industrial products company’s stock valued at $412,033,000 after buying an additional 594,989 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Pentair by 19.1% in 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 valued at $361,275,000 after buying an additional 661,154 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Pentair by 6.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,183,831 shares of the industrial products company’s stock worth $224,192,000 after acquiring an additional 133,057 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Pentair by 7.3% during the first quarter. Northern Trust Corp now owns 2,105,727 shares of the industrial products company’s stock valued at $184,209,000 after acquiring an additional 143,464 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Stock Down 0.8%

Shares of NYSE PNR opened at $103.60 on Thursday. Pentair plc has a 52-week low of $74.25 and a 52-week high of $113.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.82 and a current ratio of 1.46. The stock has a market cap 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. The firm has a 50 day moving average price of $106.53 and a 200 day moving average price 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 for the quarter, topping analysts’ consensus estimates of $1.18 by $0.06. Pentair had a net margin of 15.84% and a return on equity of 21.83%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $1.09 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS and its FY 2025 guidance at 4.850-4.900 EPS. Analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be paid a $0.27 dividend. 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. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. Pentair’s payout ratio is presently 25.38%.

Insider Activity

In related news, CFO Robert P. Fishman sold 7,786 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $105.42, for a total transaction of $820,800.12. Following the completion of 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 position. 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 the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $104.33, for a total transaction of $684,196.14. Following the sale, the director owned 31,192 shares in the company, valued at $3,254,261.36. This trade represents a 17.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup lifted their price objective on Pentair from $126.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Wolfe Research reiterated an “outperform” rating and set a $135.00 price target on shares of Pentair in a research report on Tuesday, December 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Pentair in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Pentair from $116.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, UBS Group increased their price target on Pentair from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.07.

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.