Deroy & Devereaux Private Investment Counsel Inc. Has $37.24 Million Stock Position in Pentair plc $PNR

Key Points

• Deroy & Devereaux Private Investment Counsel Inc. decreased its stake in Pentair plc by 0.8% in Q2, owning 362,708 shares valued at approximately $37.24 million, making it 2.0% of their portfolio.
• Several analysts have increased their target prices for Pentair, with Robert W. Baird raising it from $107 to $121, while Barclays increased theirs from $117 to $125.
• Pentair recently announced a quarterly dividend of $0.25, scheduled to be paid on November 7th, representing an annualized yield of 0.9%.

Deroy & Devereaux Private Investment Counsel Inc. lessened its stake in Pentair plc (NYSE:PNR - Free Report) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,708 shares of the industrial products company's stock after selling 2,950 shares during the period. Pentair accounts for 2.0% of Deroy & Devereaux Private Investment Counsel Inc.'s portfolio, making the stock its 10th largest holding. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.22% of Pentair worth $37,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of PNR. GAMMA Investing LLC raised its position in Pentair by 14.0% in the 1st quarter. GAMMA Investing LLC now owns 3,964 shares of the industrial products company's stock worth $347,000 after purchasing an additional 487 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Pentair by 6.6% during the 1st quarter. Fifth Third Bancorp now owns 4,075 shares of the industrial products company's stock valued at $356,000 after acquiring an additional 253 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Pentair during the 1st quarter valued at $28,000. Ritholtz Wealth Management raised its position in shares of Pentair by 44.7% during the 1st quarter. Ritholtz Wealth Management now owns 3,031 shares of the industrial products company's stock valued at $265,000 after acquiring an additional 937 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Pentair by 35.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 30,770 shares of the industrial products company's stock valued at $2,692,000 after acquiring an additional 7,977 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Robert W. Baird upped their target price on shares of Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Pentair from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Barclays upped their target price on shares of Pentair from $117.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday, October 1st. Oppenheimer upped their target price on shares of Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus upped their target price on shares of Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $115.50.

Pentair Stock Performance

Shares of Pentair stock opened at $110.35 on Wednesday. The company has a market capitalization of $18.09 billion, a PE ratio of 30.15, a PEG ratio of 2.06 and a beta of 1.10. Pentair plc has a 12 month low of $74.25 and a 12 month high of $113.95. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock's fifty day simple moving average is $108.64 and its 200 day simple moving average is $100.45.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The business 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 firm's 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, research analysts predict that Pentair plc will post 4.77 EPS for the current year.

Pentair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors 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 dividend on an annualized basis and a yield of 0.9%. Pentair's dividend payout ratio is presently 27.32%.

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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