Pentair plc $PNR Position Lessened by HighTower Advisors LLC

HighTower Advisors LLC lowered its stake in shares of Pentair plc (NYSE:PNR) by 19.5% in the third quarter, HoldingsChannel reports. The firm owned 38,780 shares of the industrial products company’s stock after selling 9,404 shares during the quarter. HighTower Advisors LLC’s holdings in Pentair were worth $4,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased its stake in shares of Pentair by 173.6% in the third quarter. Nordea Investment Management AB now owns 2,837,753 shares of the industrial products company’s stock valued at $311,046,000 after purchasing an additional 1,800,669 shares during the period. IMC Chicago LLC acquired a new position in shares of Pentair during the third quarter worth approximately $1,635,000. Envestnet Asset Management Inc. grew its holdings in Pentair by 93.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 397,471 shares of the industrial products company’s stock worth $44,024,000 after buying an additional 192,125 shares in the last quarter. Truist Financial Corp increased its position in Pentair by 287.4% in the 3rd quarter. Truist Financial Corp now owns 58,548 shares of the industrial products company’s stock valued at $6,485,000 after acquiring an additional 43,433 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Pentair by 6.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,333,689 shares of the industrial products company’s stock valued at $258,479,000 after acquiring an additional 149,858 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PNR shares. Royal Bank Of Canada set a $117.00 price objective on shares of Pentair in a report on Wednesday, February 4th. Wall Street Zen raised Pentair from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Robert W. Baird set a $117.00 price objective on Pentair in a research note on Wednesday, February 4th. TD Cowen cut Pentair from a “buy” rating to a “market perform” rating in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Pentair in a research report on Thursday, January 22nd. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.47.

Insider Buying and Selling

In other news, Director T Michael Glenn sold 6,558 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $104.33, for a total value of $684,196.14. Following the completion of the sale, the director owned 31,192 shares in the company, valued at $3,254,261.36. This represents a 17.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael T. Speetzen sold 7,000 shares of Pentair stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $99.99, for a total value of $699,930.00. Following the transaction, the director owned 8,290 shares in the company, valued at $828,917.10. This represents a 45.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.45% of the company’s stock.

Pentair Stock Performance

Shares of NYSE PNR opened at $103.05 on Wednesday. The stock’s fifty day simple moving average is $103.32 and its 200 day simple moving average is $106.18. The stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.80 and a beta of 1.22. The company has a quick ratio of 0.95, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. Pentair plc has a 52-week low of $74.25 and a 52-week high of $113.95.

Pentair (NYSE:PNR) last announced its earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.17 by $0.01. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Pentair had a return on equity of 21.79% and a net margin of 15.66%.Pentair’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 earnings per share. Pentair has set its FY 2026 guidance at 5.250-5.400 EPS and its Q1 2026 guidance at 1.150-1.180 EPS. As a group, sell-side analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, April 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. Pentair’s payout ratio is currently 27.27%.

About Pentair

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.