Pentair plc $PNR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Pentair plc (NYSE:PNR) by 3.6% in the 1st quarter, HoldingsChannel reports. The firm owned 917,477 shares of the industrial products company’s stock after selling 33,943 shares during the quarter. Bank of New York Mellon Corp’s holdings in Pentair were worth $79,921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 105 shares during the last quarter. Wexford Capital LP purchased a new stake in Pentair in the third quarter valued at $26,000. Motiv8 Investments LLC acquired a new stake in Pentair during the 4th quarter worth about $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Pentair during the 4th quarter worth about $43,000. Finally, Park Square Financial Group LLC raised its stake in shares of Pentair by 502.8% during the 4th quarter. Park Square Financial Group LLC now owns 434 shares of the industrial products company’s stock valued at $44,000 after buying an additional 362 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Pentair Trading Down 0.9%

Shares of Pentair stock opened at $61.55 on Wednesday. The firm has a market capitalization of $9.95 billion, a PE ratio of 15.09, a P/E/G ratio of 1.32 and a beta of 1.03. Pentair plc has a twelve month low of $57.60 and a twelve month high of $113.95. The firm’s 50-day moving average price is $73.02 and its 200 day moving average price is $86.96. The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 0.51.

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

Pentair Announces Dividend

The business 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 $0.27 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.8%. Pentair’s dividend payout ratio is 26.47%.

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

Analyst Ratings Changes

A number of analysts have recently commented on PNR shares. Oppenheimer lowered their target price on Pentair from $115.00 to $94.00 and set an “outperform” rating on the stock in a research note on Thursday, July 16th. Citigroup reduced their price target on Pentair from $112.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Royal Bank Of Canada downgraded Pentair from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $101.00 to $74.00 in a report on Wednesday, July 15th. Robert W. Baird dropped their price objective on shares of Pentair from $110.00 to $83.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 15th. Finally, Mizuho cut their target price on shares of Pentair from $100.00 to $85.00 and set an “outperform” rating for the company in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Pentair has an average rating of “Hold” and an average price target of $91.40.

Pentair Company 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.