Neuberger Berman Group LLC Buys 15,105 Shares of Pentair plc $PNR

Neuberger Berman Group LLC increased its stake in shares of Pentair plc (NYSE:PNR) by 40.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,886 shares of the industrial products company’s stock after buying an additional 15,105 shares during the quarter. Neuberger Berman Group LLC’s holdings in Pentair were worth $5,429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Pentair by 19.1% in 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 acquiring an additional 661,154 shares during the last quarter. Vinva Investment Management Ltd boosted its stake in shares of Pentair by 191.1% in the 2nd quarter. Vinva Investment Management Ltd now owns 11,151 shares of the industrial products company’s stock valued at $1,155,000 after purchasing an additional 7,321 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Pentair in the 2nd quarter valued at approximately $380,000. Chicago Partners Investment Group LLC bought a new stake in shares of Pentair during the 2nd quarter valued at approximately $336,000. Finally, Nordea Investment Management AB increased its position in Pentair by 52.4% during the 2nd quarter. Nordea Investment Management AB now owns 1,037,084 shares of the industrial products company’s stock worth $106,146,000 after purchasing an additional 356,775 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director T Michael Glenn sold 6,558 shares of Pentair stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $104.33, for a total value of $684,196.14. Following the completion of the transaction, the director directly owned 31,192 shares of the company’s stock, valued at approximately $3,254,261.36. This trade represents a 17.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert P. Fishman sold 7,786 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $105.42, for a total value of $820,800.12. Following the completion of the transaction, the chief financial officer directly owned 63,164 shares in the company, valued at $6,658,748.88. This represents a 10.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PNR. Jefferies Financial Group upgraded shares of Pentair from a “hold” rating to a “buy” rating and raised their target price for the company from $120.00 to $135.00 in a research report on Wednesday. Robert W. Baird set a $130.00 price objective on Pentair 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 research report on Wednesday, October 22nd. Royal Bank Of Canada increased their target price on Pentair from $121.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded Pentair from a “hold” rating to a “buy” rating in a report on Sunday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.07.

Pentair Trading Up 0.1%

Shares of PNR stock opened at $105.98 on Monday. Pentair plc has a 1-year low of $74.25 and a 1-year high of $113.95. 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 cap of $17.34 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 2.04 and a beta of 1.21. The stock has a 50-day moving average of $106.96 and a 200-day moving average of $105.76.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, October 21st. The industrial products company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.18 by $0.06. The business had revenue of $1.02 billion for 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%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS and its FY 2025 guidance at 4.850-4.900 EPS. On average, equities research analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, October 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. Pentair’s dividend payout ratio is 25.38%.

About Pentair

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.