Neo Ivy Capital Management Purchases Shares of 5,434 Pentair plc $PNR

Neo Ivy Capital Management purchased a new stake in Pentair plc (NYSE:PNR) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 5,434 shares of the industrial products company’s stock, valued at approximately $602,000.

Several other large investors also recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its holdings in shares of Pentair by 263.9% during the third quarter. Neuberger Berman Group LLC now owns 192,462 shares of the industrial products company’s stock worth $21,317,000 after acquiring an additional 139,576 shares during the period. Barclays PLC boosted its stake in Pentair by 5.1% in the 3rd quarter. Barclays PLC now owns 449,763 shares of the industrial products company’s stock worth $49,816,000 after purchasing an additional 21,871 shares during the period. Crossmark Global Holdings Inc. increased its holdings in Pentair by 84.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 18,380 shares of the industrial products company’s stock worth $2,036,000 after purchasing an additional 8,402 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in Pentair by 42.3% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,179 shares of the industrial products company’s stock worth $906,000 after purchasing an additional 2,432 shares in the last quarter. Finally, Cresset Asset Management LLC raised its stake in shares of Pentair by 10.0% in the 3rd quarter. Cresset Asset Management LLC now owns 102,652 shares of the industrial products company’s stock valued at $11,370,000 after purchasing an additional 9,314 shares during the period. Institutional investors own 92.37% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael T. Speetzen sold 7,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $99.99, for a total transaction of $699,930.00. Following the transaction, the director directly owned 8,290 shares in the company, valued at approximately $828,917.10. The trade was a 45.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Philip M. Rolchigo sold 6,493 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $103.22, for a total transaction of $670,207.46. Following the sale, the executive vice president directly owned 29,096 shares in the company, valued at $3,003,289.12. This trade represents a 18.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on PNR shares. JPMorgan Chase & Co. reduced their price objective on Pentair from $132.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, January 16th. Citigroup dropped their target price on Pentair from $126.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Robert W. Baird set a $117.00 target price on Pentair in a research note on Wednesday, February 4th. TD Cowen downgraded Pentair from a “buy” rating to a “market perform” rating in a research report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pentair in a research note on Thursday, January 22nd. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $114.47.

Pentair Stock Performance

PNR opened at $92.25 on Friday. Pentair plc has a 52-week low of $74.25 and a 52-week high of $113.95. The firm has a market capitalization of $15.06 billion, a PE ratio of 23.30, a PEG ratio of 1.63 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.61. The business’s 50-day simple moving average is $102.18 and its 200 day simple moving average is $105.71.

Pentair (NYSE:PNR) last posted its quarterly earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.01. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Pentair had a return on equity of 21.79% and a net margin of 15.66%.The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $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. As a group, sell-side analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Pentair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. Pentair’s dividend payout ratio (DPR) is currently 27.27%.

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.