Parnassus Investments 13F: Exits Pentair (PNR) Stake

Parnassus Investments completely closed out its position in Pentair plc (NYSE:PNR), selling all 529,474 shares it held in the company. The exit was disclosed in a Form 13F filing filed with the SEC on October 22, 2026. Pentair closed at $55.44 on the day of the filing.

PNR Pentair plc

$54.60 ▼ -47.72% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Parnassus Investments's Pentair plc Position

Parnassus Investments went from holding 529,474 shares down to zero, cutting its stake by 100.0%. The complete sale liquidates the firm's entire holding in the water solutions provider.

Other Institutional Activity in Pentair plc

Other large investors adjusted their holdings around the same time. Vest Financial grew its holdings by 237,980 shares, ending with 777,578 shares worth about $41.2 million. Focus Financial Network trimmed its stake by 14,123 shares, or 20.4%, leaving it with 55,271 shares valued at about $2.9 million. IFM Investors also sold out its position, dropping 55,390 shares to exit entirely. Nordea Investment Management AB lifted its stake by 1,360,118 shares, a 34.7% increase, ending with 5,284,291 shares worth about $293.0 million. Amundi reduced its holdings by 292,835 shares, or 6.9%, finishing with 3,945,014 shares valued at about $218.7 million.

Pentair plc Stock Up 4.9%

Pantair shares recently traded around $55.44 on October 23, 2026, matching their close of $55.44 on the filing date. The stock sits well below its 52-week high of $111.94 and near its 52-week low of $51.13.

Recent Earnings

Pantair posted $4.01 billion in revenue over the trailing twelve months, alongside earnings of $3.88 per share. The company reported a net profit margin of 16.2% and a return on equity of 17.1%. Its next quarterly financial update is scheduled for October 27, 2026.

Dividend

Pantair pays an annual dividend rate of $1.08 per share, giving it a dividend yield of 2.04%. The payout ratio sits at 26.8%.

Insider Buying and Selling at Pentair plc

Company insiders executed sales earlier in the year. Director Michael T Speetzen sold 7,000 shares on February 11, 2026, at an average price of $99.99 for a total of $699,945. Chief Technology Officer Philip M Rolchigo sold 6,493 shares on February 25, 2026, at $103.22 per share for a total of $670,207.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On October 12, 2026, Citigroup maintained a Buy rating while lowering its target to $69.00 from $85.00. TD Cowen downgraded the stock to Hold on October 14, 2026, cutting its target from $65.00 to $55.00. RBC Capital maintained a Sector Perform rating on October 14, 2026, lowering its target to $61.00 from $73.00. Mizuho maintained an Outperform rating on October 15, 2026, adjusting its target from $85.00 to $65.00. Oppenheimer maintained an Outperform rating on October 21, 2026, bringing its target down from $94.00 to $84.00. Overall, the stock carries a consensus buy recommendation from 15 analysts with a mean price target of $70.80.

About Pentair plc

Pentair plc provides water treatment, filtration, and flow technologies for residential, commercial, and industrial customers globally. The company operates across flow, water solutions, and pool segments, making its products essential for water management infrastructure.

Bottom Line

Parnassus Investments' complete exit removes a notable holder from the registry as the company prepares to report fresh earnings on October 27, 2026. Investors will monitor upcoming filings and financial results to gauge operational momentum.