State Street Corp Amends Passive Stake in PENTAIR plc
Ticker: PNR · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 77360
| Field | Detail |
|---|---|
| Company | Pentair PLC (PNR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street Corp updated its passive stake in PENTAIR plc, signaling continued institutional interest.**
AI Summary
State Street Corp filed an amended SC 13G/A on January 29, 2024, indicating its ownership of PENTAIR plc's common stock as of December 31, 2023. This filing updates their previous disclosure regarding their passive investment in PENTAIR plc. This matters to investors because State Street Corp is a major institutional investor, and their continued, albeit passive, ownership signals a degree of confidence in PENTAIR plc's long-term prospects, potentially influencing other investors.
Why It Matters
This filing shows that a major institutional investor, State Street Corp, continues to hold a significant, passive stake in PENTAIR plc, which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This is a routine amendment by an institutional investor, indicating a passive stake, and does not suggest any immediate risks or major changes.
Analyst Insight
Investors should note that State Street Corp continues to hold a passive stake in PENTAIR plc, which is a routine update for a large institutional investor and doesn't suggest an immediate need for action, but confirms ongoing institutional interest.
Key Players & Entities
- State Street Corp (company) — the institutional investor filing the SC 13G/A
- PENTAIR plc (company) — the issuer whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING' sections.
Who is the 'subject company' or 'issuer' in this filing?
The subject company, also referred to as the issuer, is PENTAIR plc, as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PENTAIR plc' and 'PENTAIR PLC (NAME OF ISSUER)'.
Who is the 'filing entity' or 'reporting person'?
The filing entity, or reporting person, is State Street Corp, as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP'.
What is the CUSIP number for the securities reported?
The CUSIP number for the common stock of PENTAIR plc is G7S00T104, as listed under 'G7S00T104 (CUSIP NUMBER)'.
What was the 'date of event' that triggered this filing?
The date of the event which required this filing was December 31, 2023, as specified by '12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding PENTAIR plc (PNR).