Thrivent Financial for Lutherans Reduces Position in Pentair plc $PNR

Thrivent Financial for Lutherans reduced its holdings in Pentair plc (NYSE:PNR) by 48.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 51,265 shares of the industrial products company’s stock after selling 48,182 shares during the period. Thrivent Financial for Lutherans’ holdings in Pentair were worth $5,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Richardson Financial Services Inc. raised its holdings in Pentair by 64.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 249 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 98 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Pentair by 2.7% in the third quarter. Wedmont Private Capital now owns 3,906 shares of the industrial products company’s stock valued at $432,000 after purchasing an additional 101 shares during the last quarter. Portside Wealth Group LLC increased its holdings in shares of Pentair by 2.9% in the second quarter. Portside Wealth Group LLC now owns 3,644 shares of the industrial products company’s stock valued at $374,000 after purchasing an additional 102 shares during the last quarter. Greenwich Wealth Management LLC lifted its position in Pentair by 1.4% during the second quarter. Greenwich Wealth Management LLC now owns 7,223 shares of the industrial products company’s stock worth $742,000 after buying an additional 102 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Pentair by 0.3% during the second quarter. Captrust Financial Advisors now owns 38,135 shares of the industrial products company’s stock worth $3,915,000 after buying an additional 107 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PNR has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a research note on Friday, January 16th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Pentair in a research note on Wednesday. UBS Group boosted their target price on shares of Pentair from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Robert W. Baird set a $117.00 price target on shares of Pentair in a report on Wednesday. Finally, TD Cowen cut Pentair from a “buy” rating to a “market perform” rating in a report on Monday, January 5th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $114.47.

Pentair Stock Up 2.6%

Pentair stock opened at $97.42 on Friday. The company has a market capitalization of $15.94 billion, a PE ratio of 24.60, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.82 and a current ratio of 1.61. Pentair plc has a fifty-two week low of $74.25 and a fifty-two week high of $113.95. The firm has a 50 day moving average price of $104.33 and a 200 day moving average price of $106.31.

Pentair (NYSE:PNR) last released its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.17 by $0.01. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Pentair had a return on equity of 21.79% and a net margin of 15.66%.The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $1.08 earnings per share. Pentair has set its FY 2026 guidance at 5.250-5.400 EPS and its Q1 2026 guidance at 1.150-1.180 EPS. Research analysts expect that Pentair plc will post 4.77 earnings per share for the current year.

Pentair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 23rd were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $1.08 annualized dividend and a yield of 1.1%. This is an increase from Pentair’s previous quarterly dividend of $0.25. Pentair’s dividend payout ratio is presently 27.27%.

Insider Activity

In other news, Director T Michael Glenn sold 6,558 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $104.33, for a total transaction of $684,196.14. Following the sale, the director owned 31,192 shares of the company’s stock, valued at approximately $3,254,261.36. This represents a 17.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert P. Fishman sold 7,786 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $105.42, for a total transaction of $820,800.12. Following the completion of the transaction, the chief financial officer directly owned 63,164 shares of the company’s stock, valued at approximately $6,658,748.88. The trade was a 10.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Pentair Company Profile

Pentair plc (NYSE: PNR) is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair’s offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.