Assenagon Asset Management S.A. Cuts Position in Pentair plc $PNR

Key Points

• Assenagon Asset Management S.A. has reduced its stake in Pentair plc by 35.3%, now owning 508,967 shares valued at approximately $52.25 million.
• Several institutional investors, including Amundi and UBS AM, have increased their holdings in Pentair during the first quarter of the year.
• Pentair's stock receives a consensus rating of "Moderate Buy", with an average price target set at $114.36 following various ratings updates from analysts.

Assenagon Asset Management S.A. lessened its holdings in Pentair plc (NYSE:PNR - Free Report) by 35.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 508,967 shares of the industrial products company's stock after selling 277,395 shares during the quarter. Assenagon Asset Management S.A. owned 0.31% of Pentair worth $52,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Pentair by 0.5% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,965 shares of the industrial products company's stock worth $2,050,000 after buying an additional 108 shares during the last quarter. Horizon Investments LLC boosted its position in shares of Pentair by 4.8% in the first quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company's stock worth $207,000 after purchasing an additional 109 shares during the period. Brooklyn Investment Group boosted its stake in Pentair by 14.8% during the first quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company's stock valued at $74,000 after buying an additional 109 shares during the last quarter. Strategic Blueprint LLC lifted its position in Pentair by 2.3% during the first quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock valued at $483,000 after purchasing an additional 123 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in Pentair by 5.6% in the first quarter. HB Wealth Management LLC now owns 3,604 shares of the industrial products company's stock worth $315,000 after buying an additional 192 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Pentair Price Performance

Pentair stock traded down $0.42 on Tuesday, reaching $109.67. The company's stock had a trading volume of 288,670 shares, compared to its average volume of 1,500,528. The business's fifty day moving average price is $106.55 and its 200 day moving average price is $98.00. Pentair plc has a twelve month low of $74.25 and a twelve month high of $112.91. The company has a market cap of $17.98 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 2.11 and a beta of 1.08. 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 (NYSE:PNR - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. Pentair had a return on equity of 21.62% and a net margin of 14.86%.The company's revenue for the quarter was up 2.2% on a year-over-year basis. 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. Equities analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 24th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.00 annualized dividend and a yield of 0.9%. Pentair's payout ratio is 27.32%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. TD Cowen downgraded shares of Pentair from a "buy" rating to a "hold" rating and cut their price objective for the company from $115.00 to $110.00 in a report on Wednesday, July 23rd. Stifel Nicolaus boosted their price target on Pentair from $104.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Robert W. Baird lifted their price target on Pentair from $107.00 to $121.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Bank of America downgraded Pentair from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $106.00 to $100.00 in a research report on Tuesday, July 29th. Finally, Oppenheimer upped their target price on shares of Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.36.

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.