Busey Bank Sells 2,642 Shares of Pentair plc $PNR

Key Points

• Busey Bank reduced its holdings in Pentair plc by 1.6% in Q2, owning 163,564 shares, worth approximately $16.8 million.
• Pentair's stock is currently priced at $110.32, with a market cap of $18.08 billion and a recently reported $1.39 EPS exceeding analysts' expectations.
• Recent analyst reports have raised Pentair's target price, with Robert W. Baird increasing it to $121.00, reflecting a general sentiment of a "Moderate Buy" among analysts.

Busey Bank decreased its holdings in Pentair plc (NYSE:PNR - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 163,564 shares of the industrial products company's stock after selling 2,642 shares during the period. Busey Bank owned approximately 0.10% of Pentair worth $16,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in Pentair by 373.8% during the 1st quarter. Ameriprise Financial Inc. now owns 1,137,682 shares of the industrial products company's stock worth $99,523,000 after acquiring an additional 897,585 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 purchasing an additional 661,154 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Pentair by 4,231.6% during the 1st quarter. Pacer Advisors Inc. now owns 622,185 shares of the industrial products company's stock valued at $54,429,000 after purchasing an additional 607,821 shares in the last quarter. Amundi raised its stake in Pentair by 13.6% during the 1st quarter. Amundi now owns 4,974,612 shares of the industrial products company's stock worth $412,033,000 after buying an additional 594,989 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Pentair by 229.1% in the first quarter. Assenagon Asset Management S.A. now owns 786,362 shares of the industrial products company's stock worth $68,791,000 after purchasing an additional 547,419 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on PNR shares. Citigroup reissued a "buy" rating and set a $125.00 price objective (up from $99.00) on shares of Pentair in a report on Monday, July 14th. Barclays upped their target price on Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Oppenheimer increased their price target on Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. TD Cowen lowered 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 research report on Wednesday, July 23rd. Finally, Mizuho raised their price objective on shares of Pentair from $118.00 to $122.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $114.36.

Pentair Stock Performance

PNR stock traded down $1.20 during midday trading on Friday, hitting $110.32. The stock had a trading volume of 2,172,932 shares, compared to its average volume of 1,099,869. The firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 2.11 and a beta of 1.08. The stock has a 50-day simple moving average of $106.48 and a 200 day simple moving average of $97.85. Pentair plc has a 52 week low of $74.25 and a 52 week high of $112.91. 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 (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 company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. Pentair had a return on equity of 21.62% and a net margin of 14.86%.The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company 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. As a group, equities research analysts anticipate that Pentair plc will post 4.77 earnings per share for the current year.

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.