Banque Pictet & Cie SA Decreases Position in Pentair plc $PNR

Key Points

• Banque Pictet & Cie SA reduced its position in Pentair plc by 10.8% in Q2, holding 36,362 shares valued at approximately $3.73 million.
• Pentair reported Q2 earnings of $1.39 per share, exceeding analyst expectations, with a revenue of $1.12 billion.
• The company announced a quarterly dividend of $0.25 per share, set for payment on November 7th, representing an annualized yield of 0.9%.

Banque Pictet & Cie SA lessened its holdings in Pentair plc (NYSE:PNR - Free Report) by 10.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,362 shares of the industrial products company's stock after selling 4,404 shares during the quarter. Banque Pictet & Cie SA's holdings in Pentair were worth $3,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PNR. Mackenzie Financial Corp raised its position in Pentair by 203.1% in the 4th quarter. Mackenzie Financial Corp now owns 16,787 shares of the industrial products company's stock worth $1,689,000 after purchasing an additional 11,248 shares during the period. Jefferies Financial Group Inc. purchased a new position in Pentair in the 4th quarter worth $295,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Pentair in the 4th quarter worth $15,601,000. Siemens Fonds Invest GmbH raised its position in Pentair by 10.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 6,805 shares of the industrial products company's stock worth $685,000 after purchasing an additional 649 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Pentair by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 91,737 shares of the industrial products company's stock worth $9,232,000 after purchasing an additional 6,504 shares during the period. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Trading Up 1.4%

Shares of PNR opened at $109.87 on Friday. The firm's 50-day moving average price is $106.85 and its 200-day moving average price is $98.49. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 2.08 and a beta of 1.08. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Pentair plc has a 1-year low of $74.25 and a 1-year high of $112.91.

Pentair (NYSE:PNR - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Sell-side analysts anticipate that Pentair plc will post 4.77 EPS for the current year.

Pentair Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on PNR. Barclays raised their price target on shares of Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Stifel Nicolaus raised their price target on shares of Pentair from $104.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Bank of America lowered shares of Pentair from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $106.00 to $100.00 in a report on Tuesday, July 29th. Oppenheimer raised their price target on shares of Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Pentair from $113.00 to $116.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.

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