Pentair plc $PNR Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in shares of Pentair plc (NYSE:PNR) by 92.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,742 shares of the industrial products company’s stock after selling 468,225 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Pentair were worth $4,513,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PNR. First Horizon Advisors Inc. raised its position in Pentair by 105.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 345 shares of the industrial products company’s stock worth $35,000 after buying an additional 177 shares during the last quarter. Garde Capital Inc. acquired a new stake in shares of Pentair in the second quarter worth $41,000. North Star Investment Management Corp. raised its holdings in shares of Pentair by 91.5% during the second quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 193 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Pentair during the second quarter worth $45,000. Finally, MUFG Securities EMEA plc acquired a new position in Pentair during the second quarter valued at $50,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Up 0.4%

Pentair stock opened at $103.82 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 0.82. The stock has a market capitalization of $16.99 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21. The business has a 50 day simple moving average of $106.33 and a 200-day simple moving average of $105.93. Pentair plc has a 12 month low of $74.25 and a 12 month high of $113.95.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1 billion. Pentair had a net margin of 15.84% and a return on equity of 21.83%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS and its FY 2025 guidance at 4.850-4.900 EPS. On average, analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 23rd will be paid a dividend of $0.27 per share. This is an increase from Pentair’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, January 23rd. Pentair’s dividend payout ratio is presently 27.41%.

Insider Activity

In related news, CFO Robert P. Fishman sold 7,786 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $105.42, for a total transaction of $820,800.12. Following the completion of the transaction, the chief financial officer owned 63,164 shares in the company, valued at $6,658,748.88. This represents a 10.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director T Michael Glenn sold 6,558 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $104.33, for a total transaction of $684,196.14. Following the completion of the transaction, the director directly 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 SEC filing for this sale provides additional information. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PNR has been the topic of several analyst reports. UBS Group increased their price target on Pentair from $120.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada raised their target price on Pentair from $121.00 to $124.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Robert W. Baird set a $130.00 price target on Pentair in a research report on Wednesday, October 22nd. Wall Street Zen raised Pentair from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pentair in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.07.

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.