Pentair plc $PNR Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of Pentair plc (NYSE:PNR) by 93.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 397,471 shares of the industrial products company’s stock after acquiring an additional 192,125 shares during the quarter. Envestnet Asset Management Inc. owned about 0.24% of Pentair worth $44,024,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB lifted its stake in shares of Pentair by 173.6% during the third quarter. Nordea Investment Management AB now owns 2,837,753 shares of the industrial products company’s stock worth $311,046,000 after purchasing an additional 1,800,669 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Pentair by 287.4% during the 3rd quarter. Truist Financial Corp now owns 58,548 shares of the industrial products company’s stock valued at $6,485,000 after buying an additional 43,433 shares during the period. Massachusetts Financial Services Co. MA lifted its position 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 worth $258,479,000 after acquiring an additional 149,858 shares in the last quarter. IMC Chicago LLC purchased a new position in Pentair in the 3rd quarter worth approximately $1,635,000. Finally, Bank of New York Mellon Corp grew its position in Pentair by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 973,268 shares of the industrial products company’s stock valued at $107,799,000 after acquiring an additional 8,063 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays set a $102.00 target price on shares of Pentair in a research report on Thursday, February 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Pentair in a report on Thursday, January 22nd. Robert W. Baird set a $117.00 target price on Pentair in a research note on Wednesday, February 4th. Royal Bank Of Canada set a $117.00 target price on Pentair in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. reduced their price target on Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Pentair has a consensus rating of “Hold” and a consensus target price of $114.47.

Pentair Price Performance

Shares of NYSE PNR opened at $98.62 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.73 and a beta of 1.22. Pentair plc has a twelve month low of $74.25 and a twelve month high of $113.95. The business has a 50 day simple moving average of $104.04 and a 200-day simple moving average of $106.26.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, February 3rd. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. Pentair had a net margin of 15.66% and a return on equity of 21.79%. During the same period in the prior year, the firm earned $1.08 earnings per share. The company’s quarterly revenue 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 research analysts expect that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were issued a $0.27 dividend. 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 yield of 1.1%. The ex-dividend date of this dividend was Friday, January 23rd. Pentair’s dividend payout ratio is 27.27%.

Insider Buying and Selling

In related news, CFO Robert P. Fishman sold 7,786 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was 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 of the company’s stock, valued at approximately $6,658,748.88. This trade represents a 10.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director T Michael Glenn sold 6,558 shares of the company’s 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 transaction, the director owned 31,192 shares of the company’s stock, valued at approximately $3,254,261.36. The trade was a 17.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.45% of the company’s stock.

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.