Pentair plc $PNR Shares Sold by Andra AP fonden

Andra AP fonden decreased its holdings in Pentair plc (NYSE:PNR) by 45.7% during the 1st quarter, HoldingsChannel reports. The fund owned 111,800 shares of the industrial products company’s stock after selling 94,200 shares during the quarter. Andra AP fonden’s holdings in Pentair were worth $9,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PNR. AlTi Global Inc. boosted its stake in shares of Pentair by 37.7% during the 1st quarter. AlTi Global Inc. now owns 3,215 shares of the industrial products company’s stock valued at $280,000 after buying an additional 880 shares during the last quarter. SEB Asset Management AB acquired a new stake in Pentair in the first quarter valued at $7,147,000. Swiss National Bank boosted its stake in Pentair by 7.1% during the 1st quarter. Swiss National Bank now owns 480,287 shares of the industrial products company’s stock valued at $41,838,000 after acquiring an additional 31,900 shares during the last quarter. California Public Employees Retirement System boosted its stake in Pentair by 57.2% during the 1st quarter. California Public Employees Retirement System now owns 503,272 shares of the industrial products company’s stock valued at $43,840,000 after acquiring an additional 183,089 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in Pentair by 7.1% during the 1st quarter. Wealthfront Advisers LLC now owns 5,460 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Pentair Stock Performance

Shares of PNR stock opened at $61.55 on Wednesday. The company has a market cap of $9.95 billion, a P/E ratio of 15.09, a PEG ratio of 1.32 and a beta of 1.03. The business has a 50 day moving average of $73.02 and a two-hundred day moving average of $86.96. Pentair plc has a 52 week low of $57.60 and a 52 week high of $113.95. The company has a quick ratio of 1.19, a current ratio of 1.88 and a debt-to-equity ratio of 0.51.

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

Pentair Announces Dividend

The firm also recently disclosed 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 is Friday, July 24th. This represents a $1.08 annualized dividend and a dividend yield of 1.8%. Pentair’s payout ratio is currently 26.47%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Pentair from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Jefferies Financial Group set a $90.00 price target on Pentair in a research note on Wednesday, July 15th. The Goldman Sachs Group lowered their price objective on Pentair from $91.00 to $72.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. TD Cowen reduced their target price on Pentair from $90.00 to $75.00 and set a “sell” rating on the stock in a report on Wednesday, April 29th. Finally, Wolfe Research lowered Pentair from an “outperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $91.40.

Pentair News Roundup

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

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.