Lecap Asset Management Ltd. Sells 6,510 Shares of Pentair plc $PNR

Key Points

• Lecap Asset Management Ltd. reduced its stake in Pentair plc by 46.9%, selling 6,510 shares and holding 7,367 shares valued at approximately $756,000.
• Several analysts have set new price targets for Pentair, with Stifel Nicolaus increasing theirs from $104.00 to $124.00 while Bank of America downgraded theirs to $100.00.
• Pentair announced a quarterly dividend of $0.25 per share, payable on November 7th, reflecting an annualized yield of 0.9% and a payout ratio of 27.32%.

Lecap Asset Management Ltd. decreased its stake in Pentair plc (NYSE:PNR - Free Report) by 46.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,367 shares of the industrial products company's stock after selling 6,510 shares during the period. Lecap Asset Management Ltd.'s holdings in Pentair were worth $756,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in Pentair in the first quarter valued at approximately $28,000. NBC Securities Inc. bought a new stake in shares of Pentair in the first quarter valued at $33,000. Garde Capital Inc. purchased a new position in shares of Pentair during the 2nd quarter valued at $41,000. North Star Investment Management Corp. grew its stake in shares of Pentair by 91.5% during the 2nd quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company's stock worth $41,000 after acquiring an additional 193 shares during the period. Finally, North Capital Inc. purchased a new stake in Pentair in the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Mizuho boosted their price target on shares of Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Bank of America downgraded shares of Pentair from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $106.00 to $100.00 in a report on Tuesday, July 29th. TD Cowen cut shares of Pentair from a "buy" rating to a "hold" rating and lowered their target price for the company from $115.00 to $110.00 in a report on Wednesday, July 23rd. Finally, Oppenheimer increased their target price on Pentair from $118.00 to $120.00 and gave the stock 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 issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $114.93.

Pentair Stock Up 1.7%

Shares of NYSE:PNR opened at $112.39 on Friday. The firm has a fifty day moving average price of $107.38 and a two-hundred day moving average price of $99.18. The company has a market cap of $18.42 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.12 and a beta of 1.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 0.84. Pentair plc has a one year low of $74.25 and a one year high of $112.91.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. The company 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 earnings per share. Pentair has set its Q3 2025 guidance at 1.160-1.20 EPS. FY 2025 guidance at 4.750-4.85 EPS. Analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. Pentair's payout ratio is presently 27.32%.

Pentair Company 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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