Thurston Springer Miller Herd & Titak Inc. Sells 13,610 Shares of Pentair plc $PNR

Thurston Springer Miller Herd & Titak Inc. cut its holdings in shares of Pentair plc (NYSE:PNR) by 92.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,080 shares of the industrial products company’s stock after selling 13,610 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Pentair were worth $120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PNR. First Horizon Advisors Inc. increased its position in Pentair by 105.4% during the second 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 period. Garde Capital Inc. acquired a new stake in Pentair in the 2nd quarter worth $41,000. North Star Investment Management Corp. increased its holdings in shares of Pentair by 91.5% during the 2nd 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 position in shares of Pentair during the second quarter valued at about $45,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Pentair in the second quarter valued at about $50,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Price Performance

Shares of PNR stock opened at $103.60 on Thursday. The stock’s fifty day simple moving average is $106.53 and its 200 day simple moving average is $105.82. Pentair plc has a one year low of $74.25 and a one year high of $113.95. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 2.01 and a beta of 1.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.46 and a quick ratio of 0.82.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.06. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1 billion. Pentair had a return on equity of 21.83% and a net margin of 15.84%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. 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, analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 23rd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. This is a boost from Pentair’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, January 23rd. Pentair’s dividend payout ratio (DPR) is presently 25.38%.

Analyst Ratings Changes

Several equities analysts recently issued reports on PNR shares. Royal Bank Of Canada boosted their price target on Pentair from $121.00 to $124.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $130.00 price objective on Pentair in a research report on Wednesday, October 22nd. 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. Oppenheimer lifted their price target on shares of Pentair from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Finally, Wall Street Zen raised shares of Pentair from a “hold” rating to a “buy” rating in a report on Sunday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Pentair has a consensus rating of “Moderate Buy” and a consensus price target of $121.07.

Insider Activity

In other news, CFO Robert P. Fishman sold 7,786 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $105.42, for a total transaction of $820,800.12. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director T Michael Glenn sold 6,558 shares of Pentair stock in a transaction that occurred 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 transaction, the director owned 31,192 shares of the company’s stock, valued at $3,254,261.36. This trade represents a 17.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Pentair Company Profile

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.