Assenagon Asset Management S.A. Increases Holdings in Pentair plc $PNR

Assenagon Asset Management S.A. increased its stake in Pentair plc (NYSE:PNR) by 1,690.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 729,663 shares of the industrial products company’s stock after buying an additional 688,921 shares during the quarter. Assenagon Asset Management S.A. owned 0.45% of Pentair worth $75,987,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PNR. Richardson Financial Services Inc. raised its position in Pentair by 64.9% in the third 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 during the period. Moors & Cabot Inc. grew its position in shares of Pentair by 0.9% during the 3rd quarter. Moors & Cabot Inc. now owns 11,006 shares of the industrial products company’s stock valued at $1,219,000 after acquiring an additional 100 shares during the period. Wedmont Private Capital grew its position in shares of Pentair by 2.7% during the 3rd quarter. Wedmont Private Capital now owns 3,906 shares of the industrial products company’s stock valued at $432,000 after acquiring an additional 101 shares during the period. Greenwich Wealth Management LLC increased its stake in shares of Pentair by 1.4% during the 2nd quarter. Greenwich Wealth Management LLC now owns 7,223 shares of the industrial products company’s stock worth $742,000 after purchasing an additional 102 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Pentair by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 8,888 shares of the industrial products company’s stock worth $984,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Pentair Stock Down 0.9%

PNR opened at $87.63 on Wednesday. Pentair plc has a 12 month low of $74.25 and a 12 month high of $113.95. The company has a market cap of $14.16 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. 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 50 day moving average of $98.63 and a 200 day moving average of $104.09.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Pentair had a net margin of 15.66% and a return on equity of 21.79%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 EPS. Pentair has set its FY 2026 guidance at 5.250-5.400 EPS and its Q1 2026 guidance at 1.150-1.180 EPS. On average, sell-side analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, April 17th. Pentair’s payout ratio is presently 27.27%.

Insiders Place Their Bets

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 completion of the transaction, the executive vice president owned 29,096 shares of the company’s stock, valued at $3,003,289.12. The trade was a 18.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael T. Speetzen sold 7,000 shares of the company’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 sale, the director owned 8,290 shares in the company, valued at approximately $828,917.10. This represents a 45.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Citigroup dropped their price objective on Pentair from $126.00 to $120.00 and set a “buy” rating on the stock 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pentair in a research report on Thursday, January 22nd. Wolfe Research reiterated an “outperform” rating and set a $135.00 price target on shares of Pentair in a research note on Tuesday, December 9th. Finally, Robert W. Baird set a $117.00 price objective on Pentair in a report on Wednesday, February 4th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $114.47.

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.