Pentair plc $PNR Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC lifted its position in Pentair plc (NYSE:PNR) by 4.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,134 shares of the industrial products company’s stock after acquiring an additional 142 shares during the quarter. DAVENPORT & Co LLC’s holdings in Pentair were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PNR. Ameriprise Financial Inc. lifted its stake in shares of Pentair by 373.8% in the 1st quarter. Ameriprise Financial Inc. now owns 1,137,682 shares of the industrial products company’s stock valued at $99,523,000 after purchasing an additional 897,585 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 purchasing an additional 661,154 shares during the period. Pacer Advisors Inc. raised its position in Pentair by 4,231.6% during the first quarter. Pacer Advisors Inc. now owns 622,185 shares of the industrial products company’s stock worth $54,429,000 after acquiring an additional 607,821 shares during the period. Amundi raised its position in Pentair by 13.6% during the first quarter. Amundi now owns 4,974,612 shares of the industrial products company’s stock worth $412,033,000 after acquiring an additional 594,989 shares during the period. Finally, Invesco Ltd. raised its position in Pentair by 16.5% during the first quarter. Invesco Ltd. now owns 3,829,985 shares of the industrial products company’s stock worth $335,047,000 after acquiring an additional 541,461 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Price Performance

Shares of NYSE PNR opened at $107.08 on Monday. The firm has a 50-day simple moving average of $108.39 and a 200-day simple moving average of $100.23. The stock has a market capitalization of $17.55 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38. Pentair plc has a 52 week low of $74.25 and a 52 week high of $113.95.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 earnings per share. Pentair has set its Q3 2025 guidance at 1.160-1.20 EPS. FY 2025 guidance at 4.750-4.85 EPS. On average, equities analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be issued 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 dividend yield of 0.9%. Pentair’s dividend payout ratio is currently 27.32%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PNR. Wall Street Zen upgraded shares of Pentair from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Citigroup upped their price objective on shares of Pentair from $126.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America cut shares of Pentair from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $106.00 to $100.00 in a research report on Tuesday, July 29th. Oppenheimer upped their price objective on shares of Pentair from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus upped their price objective on shares of Pentair from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.50.

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.