Sagespring Wealth Partners LLC Takes $323,000 Position in Pentair plc $PNR

Key Points

• Sagespring Wealth Partners LLC has acquired a new stake in Pentair plc, purchasing 3,143 shares valued at approximately $323,000 in the second quarter.
• Multiple analysts have raised their price targets for Pentair shares, with Citigroup increasing its target from $126.00 to $133.00 and maintaining a "buy" rating.
• Pentair has declared a quarterly dividend of $0.25 per share, which is set to be paid on November 7, reflecting an annualized yield of 0.9%.

Sagespring Wealth Partners LLC purchased a new stake in Pentair plc (NYSE:PNR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,143 shares of the industrial products company's stock, valued at approximately $323,000.

A number of other large investors have also recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Pentair by 0.5% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,965 shares of the industrial products company's stock valued at $2,050,000 after purchasing an additional 108 shares during the period. Horizon Investments LLC grew its holdings in shares of Pentair by 4.8% during the first quarter. Horizon Investments LLC now owns 2,372 shares of the industrial products company's stock worth $207,000 after buying an additional 109 shares during the last quarter. Brooklyn Investment Group increased its position in Pentair by 14.8% in the 1st quarter. Brooklyn Investment Group now owns 847 shares of the industrial products company's stock valued at $74,000 after acquiring an additional 109 shares during the period. Strategic Blueprint LLC raised its stake in Pentair by 2.3% during the 1st quarter. Strategic Blueprint LLC now owns 5,521 shares of the industrial products company's stock valued at $483,000 after acquiring an additional 123 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Pentair by 11.5% during the 2nd quarter. Signaturefd LLC now owns 1,245 shares of the industrial products company's stock worth $128,000 after acquiring an additional 128 shares during the period. Institutional investors and hedge funds own 92.37% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PNR shares. Stifel Nicolaus lifted their target price on Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Barclays boosted their price objective on shares of Pentair from $117.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, October 1st. Citigroup raised their target price on shares of Pentair from $126.00 to $133.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Wall Street Zen upgraded shares of Pentair from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Pentair in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Pentair currently has a consensus rating of "Moderate Buy" and an average price target of $116.21.

Pentair Trading Up 0.1%

NYSE:PNR opened at $108.82 on Friday. Pentair plc has a 1 year low of $74.25 and a 1 year high of $113.95. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.45. The stock has a fifty day moving average price of $109.05 and a two-hundred day moving average price of $100.81. The stock has a market capitalization of $17.84 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.06 and a beta of 1.10.

Pentair (NYSE:PNR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The business's revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 EPS. 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, sell-side analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Pentair's dividend payout ratio is currently 27.32%.

About Pentair

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.

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.