Meiji Yasuda Asset Management Co Ltd. Sells 30,712 Shares of Pentair plc $PNR

Meiji Yasuda Asset Management Co Ltd. lessened its position in shares of Pentair plc (NYSE:PNR) by 53.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,373 shares of the industrial products company’s stock after selling 30,712 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Pentair were worth $2,307,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PNR. Opal Wealth Advisors LLC purchased a new stake in Pentair during the 1st quarter worth approximately $28,000. NBC Securities Inc. purchased a new stake in Pentair during the 1st quarter worth approximately $33,000. Horizon Financial Services LLC purchased a new stake in Pentair during the 1st quarter worth approximately $38,000. North Capital Inc. purchased a new stake in Pentair during the 1st quarter worth approximately $38,000. Finally, Versant Capital Management Inc grew its position in Pentair by 128.4% during the 1st quarter. Versant Capital Management Inc now owns 507 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

PNR has been the topic of several research analyst reports. TD Cowen downgraded shares of 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. Barclays boosted their target price on shares of Pentair from $116.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Pentair from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Oppenheimer boosted their target price on shares of Pentair from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Pentair from $104.00 to $124.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.36.

Pentair Stock Down 1.4%

NYSE:PNR opened at $109.09 on Wednesday. The firm has a market capitalization of $17.88 billion, a P/E ratio of 29.81, a PEG ratio of 2.12 and a beta of 1.08. Pentair plc has a 1-year low of $74.25 and a 1-year high of $111.80. The company’s fifty day moving average price is $105.80 and its 200-day moving average price is $96.77. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 0.84.

Pentair (NYSE:PNR) last released its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm 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 quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.22 earnings per share. 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, equities research analysts anticipate that Pentair plc will post 4.77 EPS 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.