9,158 Shares in Pentair plc $PNR Bought by Novem Group

Key Points

• Novem Group acquired 9,158 shares of Pentair plc, valued at approximately $940,000, indicating growing interest from institutional investors.
• Analyst ratings are mixed, with Bank of America downgrading Pentair's rating while Citigroup and Oppenheimer have increased their price targets for the stock.
• Pentair will pay a quarterly dividend of $0.25 per share on November 7th, reflecting a 0.9% yield, with a current dividend payout ratio of 27.32%.

Novem Group purchased a new position in shares of Pentair plc (NYSE:PNR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,158 shares of the industrial products company's stock, valued at approximately $940,000.

Several other hedge funds have also recently modified their holdings of PNR. Opal Wealth Advisors LLC acquired a new stake in Pentair in the first quarter valued at $28,000. NBC Securities Inc. acquired a new stake in Pentair in the first quarter valued at $33,000. Horizon Financial Services LLC acquired a new stake in Pentair in the first quarter valued at $38,000. North Capital Inc. acquired a new stake in Pentair in the first quarter valued at $38,000. Finally, Garde Capital Inc. acquired a new stake in Pentair in the second quarter valued at $41,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Bank of America downgraded Pentair from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $106.00 to $100.00 in a report on Tuesday, July 29th. TD Cowen downgraded Pentair from a "buy" rating to a "hold" rating and reduced their target price for the company from $115.00 to $110.00 in a report on Wednesday, July 23rd. Wall Street Zen raised Pentair from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Citigroup restated a "buy" rating and issued a $125.00 price target (up previously from $99.00) on shares of Pentair in a research report on Monday, July 14th. Finally, Oppenheimer raised their price target on Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $114.36.

Pentair Trading Up 1.4%

Shares of PNR stock opened at $109.87 on Friday. The stock has a market cap of $18.01 billion, a P/E ratio of 30.02, a P/E/G ratio of 2.08 and a beta of 1.08. The business has a fifty day simple moving average of $106.85 and a 200-day simple moving average of $98.49. Pentair plc has a fifty-two week low of $74.25 and a fifty-two week high of $112.91. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.12 billion. Pentair had a return on equity of 21.62% and a net margin of 14.86%.The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. Pentair has set its Q3 2025 guidance at 1.160-1.20 EPS. FY 2025 guidance at 4.750-4.85 EPS. On average, analysts forecast that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, October 24th. Pentair's dividend payout ratio (DPR) is currently 27.32%.

About Pentair

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.

Want to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair plc (NYSE:PNR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.