ProShare Advisors LLC Boosts Stock Position in Pentair plc $PNR

ProShare Advisors LLC increased its stake in shares of Pentair plc (NYSE:PNR) by 9.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,844,943 shares of the industrial products company’s stock after acquiring an additional 159,438 shares during the quarter. ProShare Advisors LLC’s holdings in Pentair were worth $189,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Pentair by 0.5% in 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 acquiring an additional 108 shares during the last quarter. Horizon Investments LLC increased its position in Pentair by 4.8% during the first quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company’s stock worth $207,000 after purchasing an additional 109 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Pentair by 14.8% in the 1st 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 last quarter. Leavell Investment Management Inc. grew its stake in shares of Pentair by 2.8% in the 2nd quarter. Leavell Investment Management Inc. now owns 4,088 shares of the industrial products company’s stock valued at $420,000 after buying an additional 112 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Pentair by 11.5% in the 2nd quarter. Signaturefd LLC now owns 1,245 shares of the industrial products company’s stock valued at $128,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PNR shares. Barclays upped their price objective on Pentair from $125.00 to $127.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Robert W. Baird set a $130.00 price target on Pentair in a report on Wednesday, October 22nd. Bank of America downgraded Pentair from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $106.00 to $100.00 in a research report on Tuesday, July 29th. Citigroup increased their target price on shares of Pentair from $126.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Oppenheimer boosted their price target on shares of Pentair from $120.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Pentair presently has an average rating of “Moderate Buy” and a consensus target price of $119.93.

Pentair Stock Performance

Shares of PNR opened at $107.19 on Monday. Pentair plc has a 1 year low of $74.25 and a 1 year high of $113.95. The stock has a market capitalization of $17.54 billion, a PE ratio of 27.21, a PEG ratio of 2.00 and a beta of 1.14. 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 50-day simple moving average of $109.45 and a 200-day simple moving average of $104.03.

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 analysts’ consensus estimates of $1.18 by $0.06. The business 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 company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS. FY 2025 guidance at 4.850-4.900 EPS. On average, analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, October 24th. Pentair’s dividend payout ratio (DPR) is 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.