Crossmark Global Holdings Inc. boosted its position in shares of Pentair plc (NYSE:PNR – Free Report) by 84.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,380 shares of the industrial products company’s stock after purchasing an additional 8,402 shares during the period. Crossmark Global Holdings Inc.’s holdings in Pentair were worth $2,036,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. boosted its holdings in shares of Pentair by 64.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 98 shares in the last quarter. First Horizon Advisors Inc. grew 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 acquiring an additional 177 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Pentair during the 3rd quarter valued at $41,000. CYBER HORNET ETFs LLC bought a new position in Pentair in the 2nd quarter valued at $45,000. Finally, CoreCap Advisors LLC raised its position in Pentair by 58.8% in the 3rd quarter. CoreCap Advisors LLC now owns 405 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 150 shares during the last quarter. 92.37% of the stock is owned by institutional investors.
Insider Activity
In other Pentair news, EVP Philip M. Rolchigo sold 6,493 shares of Pentair stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $103.22, for a total transaction of $670,207.46. Following the transaction, the executive vice president directly owned 29,096 shares in the company, valued at approximately $3,003,289.12. The trade was a 18.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael T. Speetzen sold 7,000 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were 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. The trade was a 45.78% 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
Pentair (NYSE:PNR – Get Free Report) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Pentair had a return on equity of 21.79% and a net margin of 15.66%.The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. 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, analysts forecast that Pentair plc will post 4.77 EPS for the current year.
Pentair Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, April 17th. Pentair’s dividend payout ratio (DPR) is presently 27.27%.
Wall Street Analyst Weigh In
PNR has been the subject of a number of research reports. Wolfe Research restated 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 set a $117.00 price objective on shares of 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 report on Friday, January 16th. Robert W. Baird set a $117.00 target price on shares of Pentair in a research note on Wednesday, February 4th. Finally, TD Cowen lowered shares of Pentair from a “buy” rating to a “market perform” rating in a research report on Monday, January 5th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Pentair has an average rating of “Hold” and an average price target of $114.47.
Check Out Our Latest Research Report on Pentair
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.
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