Fisher Asset Management LLC Increases Holdings in Pentair plc $PNR

Fisher Asset Management LLC raised its holdings in shares of Pentair plc (NYSE:PNR) by 21.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,869 shares of the industrial products company’s stock after acquiring an additional 20,142 shares during the period. Fisher Asset Management LLC’s holdings in Pentair were worth $12,612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Richardson Financial Services Inc. lifted its stake in shares of Pentair by 64.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 98 shares during the period. First Horizon Advisors Inc. raised its position in 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 purchasing an additional 177 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Pentair during the third quarter worth about $41,000. CoreCap Advisors LLC grew its stake in shares of Pentair by 58.8% in the 3rd quarter. CoreCap Advisors LLC now owns 405 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 150 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Pentair in the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Stock Performance

PNR opened at $96.98 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.61. Pentair plc has a 52-week low of $74.25 and a 52-week high of $113.95. The firm has a market cap of $15.83 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 1.73 and a beta of 1.23. The business’s fifty day moving average is $102.64 and its 200-day moving average is $105.88.

Pentair (NYSE:PNR) last issued its earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Pentair had a return on equity of 21.79% and a net margin of 15.66%.The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business 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. Sell-side analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, April 17th. Pentair’s dividend payout ratio (DPR) is 27.27%.

Insider Buying and Selling at Pentair

In other Pentair news, EVP Philip M. Rolchigo sold 6,493 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $103.22, for a total transaction of $670,207.46. Following the completion of the sale, the executive vice president owned 29,096 shares of the company’s stock, valued at approximately $3,003,289.12. This represents a 18.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael T. Speetzen sold 7,000 shares of Pentair stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $99.99, for a total transaction of $699,930.00. Following the transaction, the director directly owned 8,290 shares of the company’s stock, valued at $828,917.10. This represents a 45.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PNR has been the subject of several recent analyst reports. Robert W. Baird set a $117.00 price objective on shares of Pentair in a research note on Wednesday, February 4th. Oppenheimer reiterated an “outperform” rating and set a $122.00 price objective (down from $128.00) on shares of Pentair in a research report on Wednesday, February 4th. JPMorgan Chase & Co. reduced their price target on shares of Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Barclays set a $102.00 price objective on Pentair in a report on Thursday, February 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Pentair in a research note on Wednesday, February 4th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently 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.