Pentair plc $PNR Shares Sold by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. has reduced its stake in Pentair plc by 26.1%, now holding 23,688 shares valued at approximately $2.43 million.
• Pentair recently announced a quarterly dividend of $0.25 per share, which will be distributed to shareholders of record on October 24th.
• Analysts have varied outlooks on Pentair, with Oppenheimer raising their price target to $120, while TD Cowen lowered their rating from "buy" to "hold."

Envestnet Portfolio Solutions Inc. decreased its stake in Pentair plc (NYSE:PNR - Free Report) by 26.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,688 shares of the industrial products company's stock after selling 8,371 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Pentair were worth $2,432,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PNR. Garde Capital Inc. acquired a new stake in Pentair during the 2nd quarter worth $41,000. North Star Investment Management Corp. boosted its stake in 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 purchasing an additional 193 shares during the period. North Capital Inc. acquired a new stake in Pentair during the 1st quarter worth $38,000. Horizon Financial Services LLC acquired a new stake in Pentair during the 1st quarter worth $38,000. Finally, Brooklyn Investment Group boosted its stake in Pentair by 14.8% during the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company's stock worth $74,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Stock Performance

NYSE:PNR opened at $108.65 on Friday. 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 firm has a 50-day moving average price of $108.93 and a two-hundred day moving average price of $100.66. Pentair plc has a twelve month low of $74.25 and a twelve month high of $113.95. The company has a market capitalization of $17.81 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10.

Pentair (NYSE:PNR - Get Free Report) last posted its 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. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The firm 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 firm posted $1.22 EPS. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. 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, research analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders 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 yield of 0.9%. The ex-dividend date is Friday, October 24th. Pentair's dividend payout ratio (DPR) is 27.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Oppenheimer upped their price objective on shares of Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. TD Cowen downgraded shares of Pentair from a "buy" rating to a "hold" rating and cut their price objective for the stock from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Citigroup upped their price objective on shares of Pentair from $126.00 to $133.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Robert W. Baird upped their price objective on shares of Pentair from $107.00 to $121.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of Pentair from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.21.

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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