Turning Point Benefit Group Inc. Purchases New Stake in Pentair plc $PNR

Key Points

• Turning Point Benefit Group Inc. has acquired a new stake in Pentair plc, purchasing 6,577 shares valued at approximately $652,000 during the second quarter.
• Pentair's recent earnings report showed $1.24 earnings per share, exceeding estimates by $0.06, with revenue of $1.02 billion, surpassing forecasts of $1 billion.
• Pentair has declared a quarterly dividend of $0.25 per share, with an ex-dividend date of October 24th, indicating an annualized yield of 0.9%.

Turning Point Benefit Group Inc. acquired a new position in shares of Pentair plc (NYSE:PNR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,577 shares of the industrial products company's stock, valued at approximately $652,000.

Several other institutional investors also recently modified their holdings of PNR. Strategic Blueprint LLC grew its holdings in Pentair by 4.0% during the 2nd quarter. Strategic Blueprint LLC now owns 5,744 shares of the industrial products company's stock worth $590,000 after acquiring an additional 223 shares during the period. Forum Financial Management LP boosted its position in shares of Pentair by 12.2% in the 2nd quarter. Forum Financial Management LP now owns 3,226 shares of the industrial products company's stock worth $331,000 after purchasing an additional 352 shares during the last quarter. Ethic Inc. grew its stake in shares of Pentair by 10.6% during the second quarter. Ethic Inc. now owns 25,765 shares of the industrial products company's stock worth $2,669,000 after purchasing an additional 2,465 shares during the period. Chicago Partners Investment Group LLC bought a new stake in Pentair in the second quarter valued at about $336,000. Finally, Hoese & Co LLP bought a new position in Pentair during the second quarter worth about $103,000. Institutional investors and hedge funds own 92.37% of the company's stock.

Pentair Stock Performance

Shares of Pentair stock opened at $111.01 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 0.84. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 2.06 and a beta of 1.10. The stock's 50-day moving average is $109.25 and its 200-day moving average is $101.35. Pentair plc has a one year low of $74.25 and a one year high of $113.95.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1 billion. Pentair had a net margin of 15.84% and a return on equity of 22.07%. The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS. FY 2025 guidance at 4.850-4.900 EPS. Equities analysts predict that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 24th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.9%. Pentair's payout ratio is currently 25.38%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Mizuho upped their price target on Pentair from $118.00 to $122.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Pentair from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. lifted their price target on shares of Pentair from $116.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 15th. Stifel Nicolaus upped their price objective on shares of Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Pentair in a report on Wednesday, October 8th. Two equities 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $119.93.

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.

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