Nomura Asset Management Co. Ltd. Sells 208,910 Shares of Pentair plc $PNR

Nomura Asset Management Co. Ltd. lowered its stake in shares of Pentair plc (NYSE:PNR) by 17.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,004,083 shares of the industrial products company’s stock after selling 208,910 shares during the period. Nomura Asset Management Co. Ltd. owned 0.61% of Pentair worth $103,079,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PNR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Pentair by 19.1% during the first 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 buying an additional 661,154 shares during the period. Nordea Investment Management AB boosted its position in shares of Pentair by 52.4% in the second quarter. Nordea Investment Management AB now owns 1,037,084 shares of the industrial products company’s stock valued at $106,146,000 after acquiring an additional 356,775 shares during the period. Chicago Partners Investment Group LLC purchased a new position in Pentair during the second quarter valued at approximately $336,000. Resona Asset Management Co. Ltd. bought a new stake in Pentair during the 2nd quarter worth approximately $5,057,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Pentair by 11.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 372,274 shares of the industrial products company’s stock worth $38,218,000 after purchasing an additional 37,960 shares in the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PNR. Bank of America lowered shares of Pentair from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $106.00 to $100.00 in a research report on Tuesday, July 29th. Wall Street Zen upgraded Pentair from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Barclays raised their price target on Pentair from $125.00 to $127.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada boosted their price objective on Pentair from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, Mizuho upped their price objective on shares of Pentair from $118.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Pentair presently has an average rating of “Moderate Buy” and an average target price of $119.93.

Pentair Price Performance

PNR opened at $104.12 on Monday. 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 market capitalization of $17.04 billion, a P/E ratio of 26.43, a PEG ratio of 2.00 and a beta of 1.14. The stock has a 50-day moving average price of $109.35 and a 200-day moving average price of $104.63. Pentair plc has a 12-month low of $74.25 and a 12-month high of $113.95.

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. Pentair had a return on equity of 21.83% and a net margin of 15.84%.The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $1.09 EPS. Pentair’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. Equities analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.00 annualized dividend and a yield of 1.0%. Pentair’s payout ratio is currently 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.