70,637 Shares in Pentair plc $PNR Bought by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. acquired 70,637 Pentair shares during the third quarter, valued at approximately $3.74 million. Institutional investors collectively own 92.37% of the company.
• Pentair exceeded quarterly expectations, reporting adjusted EPS of $1.18 versus the $1.07 consensus and revenue of $976.4 million versus $963.7 million, although revenue declined 4.5% year over year.
• Analysts maintain a broadly neutral view, with a consensus “Hold” rating and average price target of $76.59. Pentair also declared a quarterly dividend of $0.27 per share, representing a 1.6% annualized yield.

Oppenheimer & Co. Inc. purchased a new position in shares of Pentair plc (NYSE:PNR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 70,637 shares of the industrial products company's stock, valued at approximately $3,743,000.

Several other institutional investors have also added to or reduced their stakes in PNR. Wellington Management Group LLP increased its position in Pentair by 277.8% during the 2nd quarter. Wellington Management Group LLP now owns 48,370 shares of the industrial products company's stock worth $3,708,000 after buying an additional 35,568 shares during the period. Amundi lifted its holdings in shares of Pentair by 13.1% during the first quarter. Amundi now owns 4,237,659 shares of the industrial products company's stock worth $369,208,000 after buying an additional 491,758 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Pentair by 10.2% during the second quarter. Handelsbanken Fonder AB now owns 206,025 shares of the industrial products company's stock worth $15,794,000 after buying an additional 19,053 shares in the last quarter. Outfitters Financial LLC bought a new stake in shares of Pentair in the second quarter valued at about $246,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of Pentair in the second quarter valued at about $438,000. 92.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PNR has been the topic of several research reports. William Blair set a $50.00 price target on shares of Pentair in a research note on Wednesday, October 14th. Robert W. Baird set a $78.00 price objective on shares of Pentair in a research note on Wednesday. Stifel Nicolaus downgraded shares of Pentair from a "buy" rating to a "hold" rating and cut their price objective for the company from $103.00 to $65.00 in a report on Thursday, July 16th. UBS Group set a $65.00 target price on shares of Pentair in a research report on Wednesday. Finally, TD Cowen raised shares of Pentair from a "sell" rating to a "hold" rating and lowered their target price for the stock from $65.00 to $55.00 in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $76.59.

Pentair Stock Up 2.2%

Shares of NYSE PNR opened at $65.80 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 1.47. Pentair plc has a 52 week low of $51.13 and a 52 week high of $109.89. The stock has a market capitalization of $10.51 billion, a P/E ratio of 17.45, a PEG ratio of 1.62 and a beta of 1.04. The stock's fifty day moving average is $56.70 and its 200 day moving average is $76.63.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The industrial products company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.11. Pentair had a return on equity of 20.10% and a net margin of 15.44%. The business had revenue of $976.40 million during the quarter, compared to the consensus estimate of $963.71 million. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Pentair's revenue for the quarter was down 4.5% compared to the same quarter last year. Sell-side analysts forecast that Pentair plc will post 4.70 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, October 23rd will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 23rd. Pentair's dividend payout ratio is 27.14%.

Key Pentair News

Here are the key news stories impacting Pentair this week:

• Positive Sentiment: Pentair reported third-quarter adjusted EPS of $1.18, above the $1.07 analyst consensus, while revenue of $976.4 million also exceeded expectations of $963.7 million. Management reaffirmed its full-year outlook, providing investors with greater confidence despite year-over-year revenue pressure. Pentair Q3 2026 Earnings
• Positive Sentiment: The earnings call highlighted continued momentum from Taco, which is helping offset “pool pains” and supports Pentair’s longer-term strategic growth rationale. Pentair Earnings Call: Pool Pains, Taco Gains
• Positive Sentiment: Royal Bank of Canada raised its price target from $61 to $69 while maintaining a Sector Perform rating. The increase suggests improved expectations following the earnings report, even though RBC does not currently see a strong catalyst for outperformance. RBC Raises Pentair Price Target
• Positive Sentiment: Some analysts have shifted away from bearish views, with one upgrade to Neutral and a $65 target. Commentary also portrays Pentair as a potential beneficiary of data-center and artificial-intelligence infrastructure spending through demand for water-management equipment, although that thesis remains largely an analyst narrative rather than company guidance. Pentair Analyst Upgrade

About Pentair

Pentair plc NYSE: PNR is a water treatment and management company that designs and manufactures products and systems for residential, commercial, industrial, and recreational applications. Its offerings include water filtration, softening, and purification systems; pumps, valves, controls, and related equipment; and solutions that help customers manage water quality, flow, and conservation.

The company also serves the swimming pool and spa market through equipment such as pumps, filters, heaters, lighting, automation systems, and water-treatment products.

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