Impax Asset Management Group plc Lowers Holdings in Pentair plc $PNR

Impax Asset Management Group plc decreased its position in shares of Pentair plc (NYSE:PNR) by 11.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,409,532 shares of the industrial products company’s stock after selling 559,474 shares during the period. Pentair comprises 2.6% of Impax Asset Management Group plc’s portfolio, making the stock its 5th biggest position. Impax Asset Management Group plc owned about 2.69% of Pentair worth $451,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Horizon Advisors Inc. raised its position in Pentair by 105.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 345 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 177 shares during the last quarter. Garde Capital Inc. acquired a new stake in shares of Pentair in the second quarter valued at $41,000. North Star Investment Management Corp. raised its holdings in shares of Pentair by 91.5% in the second quarter. North Star Investment Management Corp. now owns 404 shares of the industrial products company’s stock valued at $41,000 after buying an additional 193 shares during the last quarter. Brooklyn Investment Group lifted its position 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 buying an additional 109 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Pentair by 101.6% during the 2nd quarter. Allworth Financial LP now owns 740 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 373 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Pentair Stock Up 0.4%

NYSE:PNR opened at $108.67 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.46 and a debt-to-equity ratio of 0.42. Pentair plc has a 12-month low of $74.25 and a 12-month high of $113.95. The stock’s fifty day simple moving average is $109.55 and its 200-day simple moving average is $104.32. The firm has a market capitalization of $17.78 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.00 and a beta of 1.14.

Pentair (NYSE:PNR) last released its earnings results on Tuesday, October 21st. The industrial products company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.06. Pentair had a return on equity of 21.83% and a net margin of 15.84%.The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Pentair has set its Q4 2025 guidance at 1.110-1.160 EPS. FY 2025 guidance at 4.850-4.900 EPS. Equities research analysts expect that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 24th. This represents a $1.00 dividend on an annualized basis and a yield of 0.9%. Pentair’s payout ratio is currently 25.38%.

Wall Street Analyst Weigh In

PNR has been the topic of a number of research reports. Citigroup upped their target price 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. Bank of America downgraded Pentair from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $106.00 to $100.00 in a report on Tuesday, July 29th. Royal Bank Of Canada increased their price objective on Pentair from $121.00 to $124.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. TD Cowen downgraded Pentair from a “buy” rating to a “hold” rating and dropped their target price for the stock from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Finally, Oppenheimer raised their price target on Pentair from $120.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Two investment 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’s stock. According to data from MarketBeat, Pentair has an average rating of “Moderate Buy” and a consensus target price 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.