SEB Asset Management AB Purchases New Position in Pentair plc $PNR

SEB Asset Management AB purchased a new position in Pentair plc (NYSE:PNR) in the first quarter, Holdings Channel reports. The fund purchased 82,047 shares of the industrial products company’s stock, valued at approximately $7,147,000.

A number of other hedge funds also recently bought and sold shares of PNR. Sivia Capital Partners LLC acquired a new position in shares of Pentair during the 2nd quarter worth approximately $222,000. American Century Companies Inc. grew its stake in Pentair by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 9,350 shares of the industrial products company’s stock valued at $960,000 after acquiring an additional 513 shares during the period. Cerity Partners LLC increased its holdings in Pentair by 27.2% in the 2nd quarter. Cerity Partners LLC now owns 53,959 shares of the industrial products company’s stock worth $5,539,000 after acquiring an additional 11,523 shares in the last quarter. Sei Investments Co. increased its holdings in Pentair by 54.7% in the 2nd quarter. Sei Investments Co. now owns 76,469 shares of the industrial products company’s stock worth $7,850,000 after acquiring an additional 27,053 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Pentair by 101.8% during the second quarter. Treasurer of the State of North Carolina now owns 338,368 shares of the industrial products company’s stock worth $34,737,000 after acquiring an additional 170,707 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Oppenheimer cut their target price on shares of Pentair from $115.00 to $94.00 and set an “outperform” rating for the company in a research note on Thursday, July 16th. Barclays cut their price objective on Pentair from $95.00 to $92.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group set a $90.00 target price on Pentair in a research report on Wednesday, July 15th. Weiss Ratings lowered Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, BNP Paribas Exane reissued an “underperform” rating and issued a $64.00 price objective (down from $75.00) on shares of Pentair in a research note on Thursday, July 16th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $91.40.

Key Pentair News

Here are the key news stories impacting Pentair this week:

• Positive Sentiment: Mizuho kept an outperform rating on Pentair but lowered its price target to $85 from $100, suggesting the firm still sees upside if the business stabilizes. Benzinga report on Mizuho price target cut
• Neutral Sentiment: Pentair is scheduled to report Q2 earnings soon, and Zacks said expectations are leaning toward a decline, which reinforces investor caution ahead of the release. Zacks earnings preview
• Negative Sentiment: Multiple law firms have launched securities-fraud investigations into Pentair after the company’s guidance cut and stock drop, increasing legal overhang and adding to investor uncertainty. Pomerantz investigation Levi & Korsinsky investigation BFA Law investigation
• Negative Sentiment: News reports say Pentair’s Pool business is facing inventory destocking and that the company cut its FY2026 EPS outlook by roughly 30%, both of which point to weaker growth and earnings momentum. Business Wire report on stock drop and investigation

Pentair Price Performance

PNR stock opened at $61.55 on Wednesday. Pentair plc has a 1 year low of $57.60 and a 1 year high of $113.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.88 and a quick ratio of 1.19. The firm has a market capitalization of $9.95 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.03. The business has a 50 day simple moving average of $73.02 and a 200-day simple moving average of $86.96.

Pentair (NYSE:PNR) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.05. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Pentair had a return on equity of 21.92% and a net margin of 15.98%.The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 earnings per share. Equities research analysts anticipate that Pentair plc will post 4.8 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 24th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $1.08 annualized dividend and a dividend yield of 1.8%. Pentair’s payout ratio is presently 26.47%.

Pentair Profile

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.