Neuberger Berman Group LLC Has $21.32 Million Stock Holdings in Pentair plc $PNR

Neuberger Berman Group LLC boosted its position in Pentair plc (NYSE:PNR) by 263.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,462 shares of the industrial products company’s stock after acquiring an additional 139,576 shares during the quarter. Neuberger Berman Group LLC’s holdings in Pentair were worth $21,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sivia Capital Partners LLC acquired a new stake in shares of Pentair in the 2nd quarter valued at $222,000. Assetmark Inc. raised its holdings in shares of Pentair by 61.2% during the 2nd quarter. Assetmark Inc. now owns 2,399 shares of the industrial products company’s stock worth $246,000 after buying an additional 911 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Pentair by 105.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 345 shares of the industrial products company’s stock worth $35,000 after buying an additional 177 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Pentair during the 2nd quarter worth $5,057,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Pentair during the 2nd quarter worth $2,904,000. 92.37% of the stock is currently owned by institutional investors.

Pentair Trading Down 3.9%

Shares of PNR stock opened at $92.25 on Friday. Pentair plc has a twelve month low of $74.25 and a twelve month high of $113.95. The stock’s fifty day simple moving average is $102.18 and its 200 day simple moving average is $105.71. The company has a quick ratio of 0.95, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $15.06 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.63 and a beta of 1.23.

Pentair (NYSE:PNR) last posted its earnings results on Tuesday, February 3rd. The industrial products company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.17 by $0.01. Pentair had a return on equity of 21.79% and a net margin of 15.66%.The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $1.08 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. 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 predict that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Announces Dividend

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

Insider Buying and Selling

In related news, Director Michael T. Speetzen sold 7,000 shares of Pentair stock in a transaction that occurred 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 sale, the director directly owned 8,290 shares in the company, valued at $828,917.10. This trade represents a 45.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Philip M. Rolchigo sold 6,493 shares of the business’s stock in a transaction that occurred 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. The trade was 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 owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on PNR. Barclays set a $102.00 target price on Pentair in a research report on Thursday, February 5th. Oppenheimer reissued an “outperform” rating and issued a $122.00 target price (down from $128.00) on shares of Pentair in a report on Wednesday, February 4th. Citigroup reduced their price target on shares of Pentair from $126.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. BNP Paribas Exane lowered shares of Pentair from a “hold” rating to a “strong sell” rating and set a $90.00 price target on the stock. in a report on Wednesday, January 7th. Finally, Robert W. Baird set a $117.00 price objective on shares of Pentair in a research report on Wednesday, February 4th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $114.47.

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.