Bank of Montreal Can Reduces Holdings in Pentair plc $PNR

Bank of Montreal Can lowered its stake in shares of Pentair plc (NYSE:PNR) by 11.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,213 shares of the industrial products company’s stock after selling 11,365 shares during the quarter. Bank of Montreal Can owned about 0.05% of Pentair worth $9,159,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PNR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Pentair by 19.1% during the 1st 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 last quarter. Chicago Partners Investment Group LLC purchased a new position in Pentair during the second quarter valued at approximately $336,000. Nordea Investment Management AB lifted its holdings in 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. New York Life Investment Management LLC lifted its holdings in Pentair by 1.1% in the second quarter. New York Life Investment Management LLC now owns 22,862 shares of the industrial products company’s stock valued at $2,347,000 after acquiring an additional 240 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Pentair by 24.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,690 shares of the industrial products company’s stock worth $1,508,000 after purchasing an additional 2,913 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Pentair Stock Up 0.5%

Shares of NYSE PNR opened at $107.19 on Monday. The stock has a market cap of $17.54 billion, a PE ratio of 27.21, a P/E/G ratio of 2.00 and a beta of 1.14. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42. Pentair plc has a 12-month low of $74.25 and a 12-month high of $113.95. The company has a 50-day moving average of $109.45 and a 200 day moving average of $104.03.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share for the quarter, topping 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 business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 EPS. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS. FY 2025 guidance at 4.850-4.900 EPS. As a group, sell-side analysts predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, October 24th. Pentair’s payout ratio is currently 25.38%.

Analysts Set New Price Targets

PNR has been the subject of several analyst reports. Oppenheimer boosted their target price on shares of Pentair from $120.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Wall Street Zen raised shares of Pentair from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Citigroup raised their target price on Pentair from $126.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Stifel Nicolaus raised their price objective on Pentair from $104.00 to $124.00 and gave the company a “buy” rating in a report on Monday, July 21st. Finally, TD Cowen cut Pentair from a “buy” rating to a “hold” rating and cut their price objective for the company from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Two 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $119.93.

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.