Thrivent Financial for Lutherans Has $10.21 Million Stake in Pentair plc $PNR

Thrivent Financial for Lutherans lowered its stake in Pentair plc (NYSE:PNR) by 19.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,447 shares of the industrial products company’s stock after selling 23,762 shares during the period. Thrivent Financial for Lutherans owned 0.06% of Pentair worth $10,209,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its stake in shares of Pentair by 105.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 345 shares of the industrial products company’s stock valued at $35,000 after buying an additional 177 shares during the period. Garde Capital Inc. bought a new position in Pentair in the second quarter valued at about $41,000. North Star Investment Management Corp. increased its position in Pentair by 91.5% in the second quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 193 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Pentair in the second quarter worth about $45,000. Finally, MUFG Securities EMEA plc bought a new stake in Pentair during the 2nd quarter worth about $50,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Robert W. Baird set a $130.00 price target on shares of Pentair in a research report on Wednesday, October 22nd. UBS Group lifted their target price on shares of Pentair from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group raised Pentair from a “hold” rating to a “buy” rating and increased their price target for the company from $120.00 to $135.00 in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pentair in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on Pentair from $116.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.07.

Pentair Price Performance

PNR opened at $103.60 on Thursday. The stock has a market cap of $16.95 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.01 and a beta of 1.21. Pentair plc has a 12 month low of $74.25 and a 12 month high of $113.95. 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 fifty day simple moving average of $106.53 and a 200 day simple moving average of $105.82.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.06. Pentair had a return on equity of 21.83% and a net margin of 15.84%.The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The company’s revenue 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. On average, research analysts expect that Pentair plc will post 4.77 EPS for the current year.

Pentair Increases Dividend

The firm also recently announced 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 yield of 1.0%. The ex-dividend date of this dividend is Friday, January 23rd. This is a positive change from Pentair’s previous quarterly dividend of $0.25. Pentair’s dividend payout ratio (DPR) is currently 25.38%.

Insider Activity at Pentair

In other news, Director T Michael Glenn sold 6,558 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $104.33, for a total transaction of $684,196.14. Following the completion of the sale, the director owned 31,192 shares of the company’s stock, valued at $3,254,261.36. This represents a 17.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert P. Fishman sold 7,786 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $105.42, for a total transaction 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. The trade was a 10.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.