Pentair plc $PNR is Deroy & Devereaux Private Investment Counsel Inc.’s 8th Largest Position

Deroy & Devereaux Private Investment Counsel Inc. trimmed its position in shares of Pentair plc (NYSE:PNR) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 357,799 shares of the industrial products company’s stock after selling 4,909 shares during the quarter. Pentair accounts for approximately 2.0% of Deroy & Devereaux Private Investment Counsel Inc.’s portfolio, making the stock its 8th largest holding. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.22% of Pentair worth $39,630,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PNR. Nordea Investment Management AB grew its holdings 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 acquiring an additional 1,800,669 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Pentair by 40.0% during the second quarter. Neuberger Berman Group LLC now owns 52,886 shares of the industrial products company’s stock worth $5,429,000 after acquiring an additional 15,105 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Pentair in the second quarter worth $380,000. Valley National Advisers Inc. grew its stake in Pentair by 46,124.4% in the 3rd quarter. Valley National Advisers Inc. now owns 18,952 shares of the industrial products company’s stock valued at $2,098,000 after purchasing an additional 18,911 shares during the period. Finally, Trium Capital LLP purchased a new stake in shares of Pentair during the 3rd quarter valued at $1,388,000. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

PNR has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Pentair from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pentair in a research report on Wednesday, October 8th. Wolfe Research reiterated an “outperform” rating and issued a $135.00 target price on shares of Pentair in a research note on Tuesday, December 9th. Royal Bank Of Canada increased their target price on shares of Pentair from $121.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Finally, BNP Paribas Exane reaffirmed an “underperform” rating and issued a $90.00 price target on shares of Pentair in a report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.88.

Insiders Place Their Bets

In other Pentair news, Director T Michael Glenn sold 6,558 shares of Pentair stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $104.33, for a total transaction of $684,196.14. Following the completion of the transaction, the director owned 31,192 shares of the company’s stock, valued at $3,254,261.36. The trade was a 17.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $820,800.12. Following the sale, the chief financial officer owned 63,164 shares in the company, valued at approximately $6,658,748.88. This represents a 10.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Pentair Price Performance

Shares of NYSE:PNR opened at $106.93 on Friday. The firm has a market capitalization of $17.50 billion, a PE ratio of 27.14, a P/E/G ratio of 1.83 and a beta of 1.22. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $104.73 and a two-hundred day moving average price of $106.52. Pentair plc has a twelve month low of $74.25 and a twelve month high of $113.95.

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

Pentair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Investors of record on Friday, January 23rd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, January 23rd. This is a positive change from Pentair’s previous quarterly dividend of $0.25. Pentair’s dividend payout ratio is presently 25.38%.

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.