Pentair plc $PNR Shares Sold by Dakota Wealth Management

Key Points

• Dakota Wealth Management has reduced its stake in Pentair plc by 9.4%, now holding 64,364 shares valued at approximately $6.61 million after selling 6,645 shares in the 2nd quarter.
• Pentair's stock recently received positive attention from analysts, with multiple firms raising their price targets, including Oppenheimer and Citigroup, boosting their target prices to $120.00 and $125.00 respectively.
• The company declared a quarterly dividend of $0.25 per share, with an ex-dividend date set for October 24th, reflecting a 0.9% dividend yield.

Dakota Wealth Management cut its stake in Pentair plc (NYSE:PNR - Free Report) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,364 shares of the industrial products company's stock after selling 6,645 shares during the period. Dakota Wealth Management's holdings in Pentair were worth $6,608,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PNR. Mackenzie Financial Corp increased its position in shares of Pentair by 203.1% during the 4th quarter. Mackenzie Financial Corp now owns 16,787 shares of the industrial products company's stock valued at $1,689,000 after purchasing an additional 11,248 shares during the period. Jefferies Financial Group Inc. bought a new position in Pentair during the fourth quarter valued at about $295,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Pentair during the fourth quarter worth about $15,601,000. Park Square Financial Group LLC bought a new stake in Pentair in the fourth quarter worth about $57,000. Finally, Siemens Fonds Invest GmbH lifted its holdings 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 valued at $685,000 after acquiring an additional 649 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PNR. Oppenheimer lifted their price objective on shares of Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Citigroup restated a "buy" rating and set a $125.00 target price (up from $99.00) on shares of Pentair in a report on Monday, July 14th. Stifel Nicolaus upped their price target on Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a report on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on Pentair from $113.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $114.36.

Pentair Stock Performance

Shares of Pentair stock opened at $108.39 on Friday. Pentair plc has a 12 month low of $74.25 and a 12 month high of $112.91. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38. The stock has a market cap of $17.77 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. The business has a fifty day simple moving average of $106.77 and a 200-day simple moving average of $98.32.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 21.62% and a net margin of 14.86%.Pentair's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, sell-side analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be issued 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 currently 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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