MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 17,120 Shares of Pentair plc $PNR

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Pentair plc (NYSE:PNR) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,144,399 shares of the industrial products company’s stock after buying an additional 17,120 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.70% of Pentair worth $126,752,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sivia Capital Partners LLC acquired a new position in Pentair in the second quarter valued at $222,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Pentair during the 2nd quarter worth about $218,000. Allworth Financial LP raised its position in shares of Pentair by 101.6% in the 2nd quarter. Allworth Financial LP now owns 740 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 373 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Pentair by 1.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 39,683 shares of the industrial products company’s stock valued at $4,074,000 after purchasing an additional 581 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Pentair by 6.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,183,831 shares of the industrial products company’s stock valued at $224,192,000 after purchasing an additional 133,057 shares during the period. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PNR. Jefferies Financial Group reaffirmed a “hold” rating on shares of Pentair in a research note on Wednesday, February 4th. BNP Paribas Exane lowered Pentair from a “hold” rating to a “strong sell” rating and set a $90.00 price target on the stock. in a research note on Wednesday, January 7th. Royal Bank Of Canada set a $117.00 price target on Pentair in a report on Wednesday, February 4th. JPMorgan Chase & Co. lowered their price objective on shares of Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Finally, Oppenheimer reiterated an “outperform” rating and set a $122.00 target price (down from $128.00) on shares of Pentair in a research report on Wednesday, February 4th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Pentair currently has a consensus rating of “Hold” and an average target price of $114.47.

Insiders Place Their Bets

In related news, EVP Philip M. Rolchigo sold 6,493 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total value of $670,207.46. Following the sale, the executive vice president owned 29,096 shares in the company, valued at $3,003,289.12. This represents a 18.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael T. Speetzen sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $99.99, for a total transaction of $699,930.00. Following the completion of the transaction, the director directly owned 8,290 shares in the company, valued at approximately $828,917.10. The trade was a 45.78% decrease in their position. The SEC filing for this sale provides additional information. 1.45% of the stock is currently owned by company insiders.

Pentair Trading Up 0.5%

Shares of Pentair stock opened at $88.77 on Tuesday. The stock has a market capitalization of $14.49 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. Pentair plc has a 52 week low of $74.25 and a 52 week high of $113.95. The stock has a 50 day moving average price of $100.39 and a two-hundred day moving average price of $104.94. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.61.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Pentair had a return on equity of 21.79% and a net margin of 15.66%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. Pentair’s revenue for the quarter was up 4.9% on a year-over-year basis. 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, equities analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 17th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, April 17th. Pentair’s dividend payout ratio (DPR) is 27.27%.

Pentair Company Profile

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.