Busey Bank purchased a new stake in Pentair plc (NYSE:PNR – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 165,090 shares of the industrial products company’s stock, valued at approximately $8,748,000.
A number of other institutional investors have also modified their holdings of the business. Asset Management One Co. Ltd. bought a new stake in shares of Pentair during the 3rd quarter valued at about $404,000. Pflug Koory LLC acquired a new stake in Pentair during the third quarter worth about $158,000. Abundance Wealth Counselors lifted its holdings in Pentair by 42.5% in the third quarter. Abundance Wealth Counselors now owns 18,369 shares of the industrial products company’s stock worth $973,000 after acquiring an additional 5,474 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Pentair in the third quarter worth about $3,743,000. Finally, Apollon Wealth Management LLC bought a new position in Pentair in the third quarter worth about $219,000. Institutional investors own 92.37% of the company’s stock.
Key Stories Impacting Pentair
Here are the key news stories impacting Pentair this week:
- Positive Sentiment: Quarterly earnings and sales beat estimates. Pentair reported adjusted EPS of $1.18, ahead of the $1.07 consensus, while revenue of $976.4 million exceeded estimates of approximately $963.7 million. The earnings beat was about 10%, supporting the stock’s advance. Pentair Reports Third Quarter 2026 Results
- Positive Sentiment: 2026 outlook was maintained or improved. Management reaffirmed its full-year adjusted EPS outlook of about $4.70 and raised its full-year sales outlook above the prior consensus. Pentair also expects more than $800 million in free cash flow, providing support for debt reduction, investment and shareholder returns. Why Pentair Stock Popped This Morning
- Positive Sentiment: Pool-market stabilization and future growth are encouraging. Commentary indicated that the pool business may be absorbing much of its recent downturn, while the Taco acquisition is expected to create additional growth opportunities and contribute to a potential 2027 recovery. Pentair Eyes Major 2027 Comeback
- Neutral Sentiment: Analysts remain cautiously constructive. Zacks Research raised its 2027 EPS forecast to $5.12 from $5.05, but retained a “Hold” rating, suggesting improving earnings expectations have not yet eliminated valuation or execution concerns.
- Negative Sentiment: Underlying results still declined year over year. Revenue fell about 4.5% and adjusted EPS declined from $1.24 in the prior-year quarter. Pool sales remained weak, leaving investors dependent on stabilization in that market and growth from newer businesses. PNR Q3 Earnings Beat Estimates
Analyst Upgrades and Downgrades
PNR has been the subject of a number of research reports. Stifel Nicolaus restated a “hold” rating and issued a $65.00 target price (down from $103.00) on shares of Pentair in a research note on Thursday, July 16th. William Blair set a $50.00 price target on Pentair in a research report on Wednesday, October 14th. The Goldman Sachs Group dropped their price target on Pentair from $73.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Weiss Ratings downgraded Pentair from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 13th. Finally, Jefferies Financial Group upgraded Pentair to a “strong-buy” rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Pentair presently has an average rating of “Hold” and a consensus target price of $76.19.
Check Out Our Latest Stock Report on PNR
Pentair Stock Performance
Pentair stock opened at $62.48 on Wednesday. The company has a 50-day simple moving average of $56.68 and a 200-day simple moving average of $77.01. Pentair plc has a one year low of $51.13 and a one year high of $110.12.
Pentair (NYSE:PNR – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.11. The firm had revenue of $976.40 million during the quarter, compared to analyst estimates of $963.71 million. The firm’s revenue was down 4.5% on a year-over-year basis. During the same period last year, the business earned $1.24 EPS. On average, research analysts predict that Pentair plc will post 4.63 earnings per share for the current fiscal year.
Pentair Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be given a $0.27 dividend. The ex-dividend date is Friday, October 23rd. This represents a $1.08 annualized dividend and a yield of 1.7%.
About Pentair
Pentair plc (NYSE: PNR) is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.
The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.
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