Mirae Asset Global Investments Co. Ltd. Acquires 2,614 Shares of Pentair plc $PNR

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Pentair plc (NYSE:PNR - Free Report) by 8.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,114 shares of the industrial products company's stock after purchasing an additional 2,614 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Pentair were worth $3,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its stake in Pentair by 4.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 75,337 shares of the industrial products company's stock worth $6,590,000 after purchasing an additional 3,476 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Pentair by 31.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,453 shares of the industrial products company's stock valued at $390,000 after acquiring an additional 1,067 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Pentair by 19.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,129,805 shares of the industrial products company's stock valued at $361,275,000 after acquiring an additional 661,154 shares during the last quarter. Fifth Third Bancorp boosted 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. Finally, GAMMA Investing LLC boosted its position in shares of Pentair by 14.0% during the 1st quarter. GAMMA Investing LLC now owns 3,964 shares of the industrial products company's stock valued at $347,000 after acquiring an additional 487 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PNR. Bank of America downgraded Pentair from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $106.00 to $100.00 in a research report on Tuesday, July 29th. Stifel Nicolaus increased their target price on Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their target price on Pentair from $113.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. TD Cowen downgraded Pentair from a "buy" rating to a "hold" rating and lowered their price target for the stock from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Finally, Oppenheimer raised their price target 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, eleven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $114.93.

Pentair Stock Down 1.2%

Shares of PNR opened at $110.65 on Wednesday. The company has a market cap of $18.14 billion, a PE ratio of 30.23, a P/E/G ratio of 2.15 and a beta of 1.10. The business has a fifty day moving average of $107.90 and a 200 day moving average of $99.75. Pentair plc has a 52-week low of $74.25 and a 52-week high of $113.95. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38.

Pentair (NYSE:PNR - Get Free Report) last released its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.12 billion. During the same period last year, the company earned $1.22 earnings per share. The business'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, sell-side analysts expect 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, October 24th. Pentair's dividend payout ratio (DPR) is 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.

Want to see what other hedge funds are holding PNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pentair plc (NYSE:PNR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.