Checchi Capital Advisers LLC Invests $201,000 in Pentair plc $PNR

Checchi Capital Advisers LLC purchased a new position in shares of Pentair plc (NYSE:PNR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 1,957 shares of the industrial products company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Abundance Wealth Counselors grew its stake in shares of Pentair by 3.1% during the 2nd quarter. Abundance Wealth Counselors now owns 7,374 shares of the industrial products company’s stock worth $757,000 after acquiring an additional 225 shares during the period. OLD Second National Bank of Aurora bought a new position in Pentair in the 2nd quarter worth about $136,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Pentair by 8.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,114 shares of the industrial products company’s stock worth $3,297,000 after purchasing an additional 2,614 shares during the period. Childress Capital Advisors LLC bought a new position in Pentair in the 2nd quarter worth about $217,000. Finally, LBP AM SA boosted its stake in Pentair by 10.7% in the 2nd quarter. LBP AM SA now owns 79,301 shares of the industrial products company’s stock worth $8,141,000 after purchasing an additional 7,647 shares during the period. Institutional investors own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PNR. TD Cowen downgraded Pentair from a “buy” rating to a “hold” rating and cut their target price for the stock from $115.00 to $110.00 in a research note on Wednesday, July 23rd. Bank of America downgraded Pentair from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $106.00 to $100.00 in a research report on Tuesday, July 29th. Stifel Nicolaus lifted their price target on Pentair from $104.00 to $124.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Pentair in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. lifted their price target on Pentair from $113.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $114.93.

Pentair Stock Performance

Shares of NYSE PNR opened at $110.65 on Wednesday. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 30.23, a P/E/G ratio of 2.15 and a beta of 1.10. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Pentair plc has a 1-year low of $74.25 and a 1-year high of $113.95. The stock’s 50-day moving average is $107.90 and its 200 day moving average is $99.75.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Pentair had a return on equity of 21.62% and a net margin of 14.86%.Pentair’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm posted $1.22 EPS. Pentair has set its Q3 2025 guidance at 1.160-1.20 EPS. FY 2025 guidance at 4.750-4.85 EPS. On average, sell-side analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 24th. Pentair’s dividend payout ratio (DPR) is currently 27.32%.

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.