Allianz Asset Management GmbH Decreases Position in Pentair plc $PNR

Key Points

• Allianz Asset Management GmbH has reduced its stake in Pentair plc by 7.0% during the second quarter, now holding approximately 0.51% of the company with shares valued at $86.6 million.
• Pentair reported $1.39 earnings per share (EPS), exceeding analyst expectations and showing a 2.2% increase in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.25, representing an annualized yield of 0.9% and a payout ratio of 27.32%.

Allianz Asset Management GmbH trimmed its position in shares of Pentair plc (NYSE:PNR - Free Report) by 7.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 843,674 shares of the industrial products company's stock after selling 63,640 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.51% of Pentair worth $86,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PNR. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Pentair by 0.5% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,965 shares of the industrial products company's stock valued at $2,050,000 after acquiring an additional 108 shares during the last quarter. Horizon Investments LLC increased its stake in shares of Pentair by 4.8% during the 1st quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company's stock valued at $207,000 after acquiring an additional 109 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Pentair by 14.8% during the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company's stock valued at $74,000 after acquiring an additional 109 shares during the last quarter. Strategic Blueprint LLC increased its stake in shares of Pentair by 2.3% during the 1st quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock valued at $483,000 after acquiring an additional 123 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Pentair by 11.5% during the second quarter. Signaturefd LLC now owns 1,245 shares of the industrial products company's stock worth $128,000 after acquiring an additional 128 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Pentair Price Performance

PNR stock opened at $108.65 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.45. Pentair plc has a 1 year low of $74.25 and a 1 year high of $113.95. The firm has a market cap of $17.81 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. The stock has a 50-day simple moving average of $108.93 and a 200-day simple moving average of $100.66.

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

Pentair Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Oppenheimer upped their price target on Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Mizuho upped their price target on Pentair from $118.00 to $122.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Bank of America lowered Pentair from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $106.00 to $100.00 in a research note on Tuesday, July 29th. Robert W. Baird upped their price target on Pentair from $107.00 to $121.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Citigroup upped their price target on Pentair from $126.00 to $133.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $116.21.

Pentair Profile

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.

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