3,143 Shares in Pentair plc $PNR Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC acquired a new stake in Pentair plc (NYSE:PNR) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 3,143 shares of the industrial products company’s stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PNR. TD Asset Management Inc lifted its holdings in shares of Pentair by 1.6% in the second quarter. TD Asset Management Inc now owns 60,745 shares of the industrial products company’s stock valued at $6,236,000 after purchasing an additional 945 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Pentair by 93.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,625 shares of the industrial products company’s stock worth $885,000 after purchasing an additional 4,172 shares during the last quarter. Vest Financial LLC lifted its stake in Pentair by 15.5% in the 2nd quarter. Vest Financial LLC now owns 608,698 shares of the industrial products company’s stock valued at $62,489,000 after buying an additional 81,513 shares in the last quarter. CWM LLC grew its holdings in Pentair by 53.7% during the 2nd quarter. CWM LLC now owns 20,587 shares of the industrial products company’s stock valued at $2,113,000 after buying an additional 7,196 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Pentair by 18.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,100 shares of the industrial products company’s stock worth $2,375,000 after buying an additional 3,526 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PNR. JPMorgan Chase & Co. upped their price objective on Pentair from $116.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup boosted their target price on shares of Pentair from $126.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Bank of America cut shares of Pentair from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $106.00 to $100.00 in a research note on Tuesday, July 29th. Oppenheimer boosted their price objective on shares of Pentair from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Barclays raised their target price on shares of Pentair from $117.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.21.

Pentair Stock Performance

NYSE PNR opened at $108.82 on Friday. The business’s 50-day moving average price is $109.05 and its 200 day moving average price is $100.81. Pentair plc has a twelve month low of $74.25 and a twelve month high of $113.95. 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. 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 posted its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Pentair had a return on equity of 21.62% and a net margin of 14.86%.The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business earned $1.22 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. Pentair has set its Q3 2025 guidance at 1.160-1.20 EPS. FY 2025 guidance at 4.750-4.85 EPS. On average, research analysts predict that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. 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.