Pentair plc $PNR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in Pentair plc (NYSE:PNR) by 6.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 965,205 shares of the industrial products company’s stock after selling 67,222 shares during the quarter. Bank of New York Mellon Corp’s holdings in Pentair were worth $99,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Garde Capital Inc. purchased a new stake in Pentair in the 2nd quarter valued at $41,000. North Star Investment Management Corp. increased its stake in Pentair by 91.5% in the second quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 193 shares during the period. Brooklyn Investment Group increased its stake in Pentair by 14.8% in the first quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 109 shares during the period. New Age Alpha Advisors LLC raised its holdings in shares of Pentair by 46.8% in the first quarter. New Age Alpha Advisors LLC now owns 941 shares of the industrial products company’s stock valued at $82,000 after buying an additional 300 shares during the last quarter. Finally, Hoese & Co LLP acquired a new stake in shares of Pentair during the second quarter worth about $103,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Stock Performance

Shares of PNR stock opened at $107.19 on Friday. 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 stock has a 50 day simple moving average of $109.45 and a 200-day simple moving average of $103.79. The company has a market cap of $17.54 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 2.00 and a beta of 1.14. Pentair plc has a 12-month low of $74.25 and a 12-month high of $113.95.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share 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 for the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS. FY 2025 guidance at 4.850-4.900 EPS. On average, equities analysts forecast that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was 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 25.38%.

Analysts Set New Price Targets

PNR has been the topic of a number of research reports. Citigroup raised their price target on Pentair from $126.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. lifted their target price on Pentair from $116.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Oppenheimer boosted their target price on Pentair from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Pentair in a research note on Wednesday, October 8th. Finally, Robert W. Baird set a $130.00 price target on Pentair in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.93.

Pentair 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.