BlackRock Amends Pentair Stake, Maintains Passive Position

TL;DR

**BlackRock still owns a chunk of Pentair, no big changes here.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership in Pentair plc (NYSE: PNR) as of December 31, 2023. This amendment, number 11, indicates BlackRock's continued significant, but passive, stake in the company. For investors, this filing confirms that a major institutional investor like BlackRock remains committed to Pentair, which can be a sign of confidence in the stock's long-term prospects.

Why It Matters

This filing shows that BlackRock, a massive investment firm, still holds a significant portion of Pentair's stock, signaling their ongoing belief in the company's value.

Risk Assessment

Risk Level: low — This is a routine amendment from a passive institutional investor, indicating no immediate significant risk or change in company control.

Analyst Insight

Investors should note BlackRock's continued passive stake as a sign of institutional confidence, but this filing alone doesn't suggest any immediate catalysts for price movement.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• Pentair plc (company) — the subject company whose shares are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 24, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• BlackRock will maintain a passive investment strategy in Pentair plc. (BlackRock Inc.) — high confidence, target: Next 12 months

FAQ

From the Filing

0001086364-24-002257.txt : 20240124 0001086364-24-002257.hdr.sgml : 20240124 20240124142713 ACCESSION NUMBER: 0001086364-24-002257 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31819 FILM NUMBER: 24555811 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: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 ie00bls09m33_012424.txt ie00bls09m33_012424.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11) Pentair plc -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) BLS09M3 -------------------------------------------------------- (SEDOL Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 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 person's 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 deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEDOL No. BLS09M3 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 15328961 (6) Shared voting power 0 (7) Sole dispositive power 16648354 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 16648354 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 10.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Pentair plc Item 1(b) Address of issuer's principal executive offices: ------