Swiss National Bank raised its holdings in Pentair plc (NYSE:PNR – Free Report) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 499,387 shares of the industrial products company’s stock after acquiring an additional 33,300 shares during the quarter. Swiss National Bank owned 0.30% of Pentair worth $51,267,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the business. First Horizon Advisors Inc. raised its holdings in shares of Pentair by 105.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 345 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 177 shares in the last quarter. Garde Capital Inc. acquired a new position in Pentair in the second quarter worth approximately $41,000. North Star Investment Management Corp. increased its holdings in shares of 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 buying an additional 193 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of 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 buying an additional 109 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Pentair by 101.6% during the 2nd quarter. Allworth Financial LP now owns 740 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 373 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.
Insider Activity
In related news, CFO Robert P. Fishman sold 7,786 shares of Pentair stock in a transaction on Friday, November 14th. The stock was sold at an average price of $105.42, for a total transaction of $820,800.12. Following the completion of the sale, the chief financial officer owned 63,164 shares of the company’s stock, valued at approximately $6,658,748.88. This trade represents a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.
Pentair Price Performance
Pentair (NYSE:PNR – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1 billion. Pentair had a net margin of 15.84% and a return on equity of 21.83%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Equities research analysts expect that Pentair plc will post 4.77 EPS for the current fiscal 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 $0.25 dividend. 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 1.0%. Pentair’s dividend payout ratio is 25.38%.
Wall Street Analysts Forecast Growth
PNR has been the topic of a number of recent research reports. Barclays lifted their target price on Pentair from $125.00 to $127.00 and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. UBS Group boosted their price objective on Pentair from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Pentair in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on shares of Pentair from $121.00 to $124.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Oppenheimer raised their price objective on shares of Pentair from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $120.21.
Check Out Our Latest Analysis on PNR
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.
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