Impax Asset Management Discloses Passive Stake in Pentair Plc

Ticker: PNR · Form: SC 13G · Filed: 2024-01-18T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, passive-investing, SC-13G

TL;DR

**Impax Asset Management just revealed a big passive stake in Pentair, signaling institutional confidence.**

AI Summary

Impax Asset Management Group plc, a London-based investment firm, filed an SC 13G on January 18, 2024, disclosing its ownership of Pentair Plc (NYSE: PNR) common stock as of December 29, 2023. This filing indicates that Impax is a passive investor, holding a significant stake in Pentair, a company specializing in water solutions. For investors, this signals that a large institutional investor sees value in Pentair, potentially boosting confidence in the stock's long-term prospects.

Why It Matters

This filing shows that a major institutional investor, Impax Asset Management, has taken a significant passive stake in Pentair, which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — This is a routine disclosure of passive institutional ownership, which generally carries low risk for existing shareholders.

Analyst Insight

A smart investor would view this as a positive signal, suggesting that a reputable institutional investor sees long-term value in Pentair Plc, potentially warranting further research into the company's fundamentals.

Key Players & Entities

Forward-Looking Statements

FAQ

Who filed this SC 13G statement?

The SC 13G statement was filed by Impax Asset Management Group plc, a company based in London, UK.

What is the subject company of this filing?

The subject company is Pentair Plc, identified by the CUSIP Number G7S00T104 and the Central Index Key 0000077360.

What type of securities are covered by this filing?

The filing covers 'Common Stock' of Pentair Plc.

When was the event that required this filing?

The event which required the filing of this statement occurred on December 29, 2023.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.

From the Filing

0001749768-24-000004.txt : 20240118 0001749768-24-000004.hdr.sgml : 20240118 20240118134253 ACCESSION NUMBER: 0001749768-24-000004 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240118 DATE AS OF CHANGE: 20240118 GROUP MEMBERS: IMPAX ASSET MANAGEMENT (AIFM) LTD GROUP MEMBERS: IMPAX ASSET MANAGEMENT LLC GROUP MEMBERS: IMPAX ASSET MANAGEMENT LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PENTAIR plc CENTRAL INDEX KEY: 0000077360 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550] ORGANIZATION NAME: 06 Technology IRS NUMBER: 981050812 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-31819 FILM NUMBER: 24541192 BUSINESS ADDRESS: STREET 1: REGAL HOUSE, 70 LONDON ROAD STREET 2: TWICKENHAM CITY: LONDON STATE: X0 ZIP: TW13QS BUSINESS PHONE: 763-545-1730 MAIL ADDRESS: STREET 1: C/O PENTAIR MANAGEMENT COMPANY STREET 2: 5500 WAYZATA BLVD, SUITE 900 CITY: GOLDEN VALLEY STATE: MN ZIP: 55416 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR LTD DATE OF NAME CHANGE: 20121003 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PENTAIR INDUSTRIES INC DATE OF NAME CHANGE: 19790327 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Impax Asset Management Group plc CENTRAL INDEX KEY: 0001749768 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 7TH FLOOR STREET 2: 30 PANTON STREET CITY: LONDON STATE: X0 ZIP: SW1Y 4AJ BUSINESS PHONE: 00442039123000 MAIL ADDRESS: STREET 1: 7TH FLOOR STREET 2: 30 PANTON STREET CITY: LONDON STATE: X0 ZIP: SW1Y 4AJ SC 13G 1 PT2024.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___)* (Name of Issuer) Pentair Plc (Title of Class of Securities) Common Stock (CUSIP Number) G7S00T104 (Date of Event which Requires Filing of this Statement) December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Sche* dule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting persons* initial filing on this form with respect to the subject class of securities, and for any subsequent amendment * containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be dee* med to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subje* ct to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, s* ee the Notes). SCHEDULE 13G CUSIP No. G7S00T104 1 Names of Reporting Persons Impax Asset Management Group plc 2 Check the appropriate box if a member of a Group (see instructions) (a) [X] (b) [ ] 3 Sec Use Only 4 Citizenship or Place of Organization United Kingdom Number of Shares Beneficially Owned by Each Reporting Person With: 5 Sole Voting Power: 8,101,937 6 Shared Voting Power: 0 7 Sole Dispositive Power: 8,101,937 8 Shared Dispositive Power: 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 8,101,937 10 Check box if the aggregate amount in row (9) excludes certain shares (See* Instructions) [ ] 11 Percent of class represented by amount in row (9) 4.90% 12 Type of Reporting Person (See Instructions) HC SCHEDULE 13G CUSIP No. G7S00T104 1 Names of Reporting Persons Impax Asset Management Limited 2 Check the appropriate box if a member of a Group (see instructions) (a) [X] (b) [ ] 3 Sec Use Only 4 Citizenship or Place of Organization United Kingdom Number of Shares Beneficially Owned by Each Reporting Person With: 5 Sole Voting Power: 7,358,251 6 Shared Voting Power: 0 7 Sole Dispositive Power: 7,358,251 8 Shared Dispos

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