Ameriprise Financial Inc. Buys 1,670,944 Shares of Pentair plc $PNR

Ameriprise Financial Inc. increased its stake in shares of Pentair plc (NYSE:PNR) by 106.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,236,826 shares of the industrial products company’s stock after purchasing an additional 1,670,944 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.98% of Pentair worth $358,521,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sivia Capital Partners LLC bought a new position in shares of Pentair in the 2nd quarter valued at $222,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Pentair in the second quarter valued at about $218,000. Allworth Financial LP raised its position in Pentair by 101.6% in the second quarter. Allworth Financial LP now owns 740 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 373 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Pentair by 1.5% during the second 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Pentair by 6.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,183,831 shares of the industrial products company’s stock worth $224,192,000 after purchasing an additional 133,057 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Wall Street Analysts Forecast Growth

PNR has been the subject of several recent research reports. Barclays set a $102.00 price objective on Pentair in a research note on Thursday, February 5th. Wall Street Zen raised shares of Pentair from a “hold” rating to a “buy” rating in a report on Sunday, March 8th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Pentair in a research note on Wednesday, February 4th. Robert W. Baird set a $117.00 price target on shares of Pentair in a report on Wednesday, February 4th. Finally, TD Cowen cut shares of Pentair from a “buy” rating to a “market perform” rating in a research note on Monday, January 5th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $114.47.

Insider Activity

In other news, Director Michael T. Speetzen sold 7,000 shares of Pentair stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $99.99, for a total value of $699,930.00. Following the completion of the transaction, the director directly owned 8,290 shares of the company’s stock, valued at approximately $828,917.10. This trade represents a 45.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 approximately $3,003,289.12. The trade was a 18.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.45% of the company’s stock.

Pentair Stock Performance

Shares of PNR stock opened at $88.77 on Tuesday. The stock has a market capitalization of $14.49 billion, a PE ratio of 22.42, a PEG ratio of 1.56 and a beta of 1.23. The business’s 50 day simple moving average is $100.39 and its 200 day simple moving average is $104.94. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 0.95. Pentair plc has a one year low of $74.25 and a one year high of $113.95.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.01. Pentair had a net margin of 15.66% and a return on equity of 21.79%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $1.08 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. 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, research analysts forecast that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Dividend Announcement

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