iA Global Asset Management Inc. Has $1.33 Million Position in Pentair plc $PNR

iA Global Asset Management Inc. lessened its position in Pentair plc (NYSE:PNR) by 6.1% in the second quarter, Holdings Channel.com reports. The firm owned 12,904 shares of the industrial products company’s stock after selling 832 shares during the quarter. iA Global Asset Management Inc.’s holdings in Pentair were worth $1,325,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PNR. Valeo Financial Advisors LLC acquired a new position in Pentair in the 2nd quarter worth about $102,945,000. Ameriprise Financial Inc. increased its holdings in Pentair by 373.8% in the 1st quarter. Ameriprise Financial Inc. now owns 1,137,682 shares of the industrial products company’s stock worth $99,523,000 after purchasing an additional 897,585 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in 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 worth $361,275,000 after purchasing an additional 661,154 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Pentair by 4,231.6% in the 1st quarter. Pacer Advisors Inc. now owns 622,185 shares of the industrial products company’s stock worth $54,429,000 after purchasing an additional 607,821 shares in the last quarter. Finally, Amundi increased its stake in shares of Pentair by 13.6% in the first 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. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PNR shares. Wall Street Zen raised Pentair from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Royal Bank Of Canada increased their price target on Pentair from $121.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Citigroup increased their price target on Pentair from $126.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. increased 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. Finally, Bank of America cut Pentair from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $106.00 to $100.00 in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $119.93.

Pentair Stock Up 0.5%

Pentair stock opened at $106.91 on Tuesday. The company has a market capitalization of $17.50 billion, a PE ratio of 27.14, a PEG ratio of 2.00 and a beta of 1.10. Pentair plc has a 12-month low of $74.25 and a 12-month high of $113.95. The firm’s fifty day moving average is $109.58 and its 200 day moving average is $103.35. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 0.42.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. Pentair had a net margin of 15.84% and a return on equity of 21.83%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS. FY 2025 guidance at 4.850-4.900 EPS. As a group, sell-side analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be issued a $0.25 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.00 annualized dividend and a yield of 0.9%. Pentair’s dividend payout ratio is presently 25.38%.

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.