Pentair plc $PNR Stake Raised by Swedbank AB

Key Points

• Swedbank AB has increased its holdings in Pentair plc by 17.2%, acquiring an additional 125,201 shares during the second quarter, bringing its total ownership to 851,472 shares worth approximately $87.4 million.
• Institutional investors own 92.37% of Pentair's stock, indicating strong market confidence, with notable contributions from firms like Baader Bank and Parallel Advisors.
• Wall Street analysts have varied outlooks on Pentair, with a consensus rating of "Moderate Buy" and a target price averaging around $114.36.

Swedbank AB increased its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 17.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 851,472 shares of the industrial products company's stock after acquiring an additional 125,201 shares during the period. Swedbank AB owned approximately 0.52% of Pentair worth $87,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of Pentair by 373.8% in the 1st quarter. Ameriprise Financial Inc. now owns 1,137,682 shares of the industrial products company's stock valued at $99,523,000 after purchasing an additional 897,585 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Pentair by 19.1% in 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. raised its position in shares of Pentair by 4,231.6% in 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 position in shares of Pentair by 13.6% in the 1st quarter. Amundi now owns 4,974,612 shares of the industrial products company's stock valued at $412,033,000 after purchasing an additional 594,989 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Pentair by 229.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 786,362 shares of the industrial products company's stock valued at $68,791,000 after purchasing an additional 547,419 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho upped their target price on Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Barclays upped their price target on Pentair from $116.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Bank of America lowered Pentair from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $106.00 to $100.00 in a research report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price target on Pentair from $113.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus upped their price target on Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $114.36.

Pentair Trading Down 1.1%

PNR stock traded down $1.20 during mid-day trading on Friday, reaching $110.32. 2,172,932 shares of the stock traded hands, compared to its average volume of 1,054,122. 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 plc has a 52-week low of $74.25 and a 52-week high of $112.91. The company has a market cap of $18.08 billion, a P/E ratio of 30.14, a P/E/G ratio of 2.11 and a beta of 1.08. The stock's fifty day moving average is $106.48 and its 200-day moving average is $97.79.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm earned $1.22 earnings per share. The business's quarterly revenue 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, sell-side analysts expect that Pentair plc will post 4.77 earnings per share for the current year.

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.