Resona Asset Management Co. Ltd. Makes New Investment in Pentair plc $PNR

Resona Asset Management Co. Ltd. bought a new position in shares of Pentair plc (NYSE:PNR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 49,261 shares of the industrial products company’s stock, valued at approximately $5,057,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PNR. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Pentair by 0.5% during the second 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 buying an additional 108 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Pentair by 4.8% during the 1st quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company’s stock valued at $207,000 after acquiring an additional 109 shares during the period. Brooklyn Investment Group grew its holdings in shares of Pentair by 14.8% during the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 109 shares in the last quarter. Leavell Investment Management Inc. grew its holdings in shares of Pentair by 2.8% during the 2nd quarter. Leavell Investment Management Inc. now owns 4,088 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 112 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Pentair by 11.5% in the second quarter. Signaturefd LLC now owns 1,245 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 128 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PNR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pentair in a research report on Wednesday, October 8th. Stifel Nicolaus upped their price target on shares of Pentair from $104.00 to $124.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Barclays increased their price target on shares of Pentair from $125.00 to $127.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Bank of America downgraded shares of Pentair from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $106.00 to $100.00 in a research report on Tuesday, July 29th. Finally, Oppenheimer raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.93.

Pentair Stock Performance

NYSE PNR opened at $107.19 on Monday. The firm’s fifty day moving average price is $109.45 and its two-hundred day moving average price is $104.03. The stock has a market cap of $17.54 billion, a PE ratio of 27.21, a PEG ratio of 2.00 and a beta of 1.14. Pentair plc has a fifty-two week low of $74.25 and a fifty-two 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.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. Pentair had a return on equity of 21.83% and a net margin of 15.84%.Pentair’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company 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, equities analysts expect 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 was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued 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 was Friday, October 24th. Pentair’s payout ratio is 25.38%.

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.