Harbour Investments Inc. Reduces Stock Holdings in Pentair plc $PNR

Harbour Investments Inc. trimmed its position in Pentair plc (NYSE:PNR) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,306 shares of the industrial products company’s stock after selling 125 shares during the period. Harbour Investments Inc.’s holdings in Pentair were worth $647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PNR. Valeo Financial Advisors LLC purchased a new position in Pentair in the second quarter worth about $102,945,000. Ameriprise Financial Inc. boosted its position in Pentair by 373.8% in the first quarter. Ameriprise Financial Inc. now owns 1,137,682 shares of the industrial products company’s stock worth $99,523,000 after purchasing an additional 897,585 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 worth $361,275,000 after purchasing an additional 661,154 shares during the last quarter. Pacer Advisors Inc. boosted its position in Pentair by 4,231.6% in the first quarter. Pacer Advisors Inc. now owns 622,185 shares of the industrial products company’s stock worth $54,429,000 after purchasing an additional 607,821 shares during the last quarter. Finally, Amundi boosted its position in Pentair by 13.6% in the first quarter. Amundi now owns 4,974,612 shares of the industrial products company’s stock worth $412,033,000 after purchasing an additional 594,989 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on PNR. Citigroup raised their target price on Pentair from $126.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Robert W. Baird lifted their price objective on Pentair from $107.00 to $121.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Mizuho lifted their price objective on Pentair from $118.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Stifel Nicolaus lifted their price objective on Pentair from $104.00 to $124.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Finally, Oppenheimer lifted their price objective on Pentair from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $116.21.

Pentair Stock Up 0.1%

Shares of PNR opened at $108.82 on Monday. The business’s 50 day moving average is $109.05 and its 200 day moving average is $101.03. The company has a market capitalization of $17.84 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 2.06 and a beta of 1.10. Pentair plc has a 12-month low of $74.25 and a 12-month high of $113.95. 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 (NYSE:PNR) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. Pentair had a return on equity of 21.62% and a net margin of 14.86%.The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $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. Research analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

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

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.