Swedbank AB Buys 101,257 Shares of Pentair plc $PNR

Swedbank AB boosted its stake in Pentair plc (NYSE:PNR) by 11.9% during the third quarter, Holdings Channel reports. The institutional investor owned 952,729 shares of the industrial products company’s stock after buying an additional 101,257 shares during the period. Swedbank AB’s holdings in Pentair were worth $105,524,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Neuberger Berman Group LLC increased its position in Pentair by 40.0% during the second quarter. Neuberger Berman Group LLC now owns 52,886 shares of the industrial products company’s stock worth $5,429,000 after acquiring an additional 15,105 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Pentair by 19.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,129,805 shares of the industrial products company’s stock worth $361,275,000 after purchasing an additional 661,154 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Pentair during the second quarter worth approximately $380,000. Vinva Investment Management Ltd raised its position in shares of Pentair by 191.1% in the second quarter. Vinva Investment Management Ltd now owns 11,151 shares of the industrial products company’s stock valued at $1,155,000 after buying an additional 7,321 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Pentair in the second quarter valued at approximately $336,000. Institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling at Pentair

In other Pentair news, Director T Michael Glenn sold 6,558 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $104.33, for a total value of $684,196.14. Following the completion of the transaction, the director directly owned 31,192 shares in the company, valued at approximately $3,254,261.36. This trade represents a 17.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert P. Fishman sold 7,786 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $6,658,748.88. This trade represents 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.

Pentair Stock Down 0.1%

Shares of NYSE PNR opened at $105.38 on Thursday. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.03 and a beta of 1.21. The company has a current ratio of 1.46, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42. Pentair plc has a 12 month low of $74.25 and a 12 month high of $113.95. The stock has a 50-day moving average price of $106.07 and a two-hundred day moving average price of $106.01.

Pentair (NYSE:PNR) last announced its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. Pentair had a net margin of 15.84% and a return on equity of 21.83%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 EPS. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS and its FY 2025 guidance at 4.850-4.900 EPS. As a group, analysts forecast 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. Stockholders of record on Friday, January 23rd will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, January 23rd. This is a positive change from Pentair’s previous quarterly dividend of $0.25. Pentair’s dividend payout ratio is currently 27.41%.

Wall Street Analyst Weigh In

A number of research firms have commented on PNR. Jefferies Financial Group upgraded Pentair from a “hold” rating to a “buy” rating and raised their price objective for the stock from $120.00 to $135.00 in a research note on Wednesday, December 10th. 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 shares of Pentair in a research note on Wednesday, October 22nd. Citigroup boosted their target price on shares of Pentair from $126.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Wall Street Zen raised shares of Pentair from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Two research 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.07.

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.