Alliancebernstein L.P. Has $154.32 Million Holdings in Pentair plc $PNR

Alliancebernstein L.P. decreased its holdings in Pentair plc (NYSE:PNR) by 46.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,393,269 shares of the industrial products company’s stock after selling 1,217,896 shares during the quarter. Alliancebernstein L.P.’s holdings in Pentair were worth $154,318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. raised its stake in shares of Pentair by 64.9% in the third quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 98 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Pentair during the third quarter valued at approximately $41,000. CoreCap Advisors LLC boosted its position in shares of Pentair by 58.8% during the third quarter. CoreCap Advisors LLC now owns 405 shares of the industrial products company’s stock valued at $45,000 after buying an additional 150 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Pentair during the second quarter worth $45,000. Finally, Clearstead Advisors LLC grew its holdings in Pentair by 86.4% during the third quarter. Clearstead Advisors LLC now owns 440 shares of the industrial products company’s stock worth $49,000 after buying an additional 204 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Philip M. Rolchigo sold 6,493 shares of the firm’s 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 in the company, valued at $3,003,289.12. This trade represents a 18.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael T. Speetzen sold 7,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 8,290 shares of the company’s stock, valued at approximately $828,917.10. The trade was a 45.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on PNR shares. Jefferies Financial Group restated a “hold” rating on shares of Pentair in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Pentair in a research note on Thursday, January 22nd. JPMorgan Chase & Co. lowered their target price 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. Oppenheimer reissued an “outperform” rating and set a $122.00 price target (down from $128.00) on shares of Pentair in a research report on Wednesday, February 4th. Finally, Wall Street Zen upgraded shares of Pentair from a “hold” rating to a “buy” rating in a report on Sunday, March 8th. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $114.47.

Pentair Stock Up 0.5%

Shares of NYSE:PNR opened at $88.77 on Tuesday. The company has a market capitalization of $14.49 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 0.95. The business has a fifty day moving average price of $100.39 and a two-hundred day moving average price of $104.94. Pentair plc has a 1 year low of $74.25 and a 1 year high of $113.95.

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

Pentair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 17th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a $1.08 annualized dividend and a yield of 1.2%. Pentair’s payout ratio is currently 27.27%.

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.