Vanguard Amends Pentair Stake to 8.5% as of Dec 29, 2023

TL;DR

**Vanguard still owns 8.5% of Pentair, signaling continued institutional interest.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Pentair PLC (NYSE: PNR) as of December 29, 2023. Vanguard reported beneficial ownership of 14,082,739 shares of Pentair's Common Stock, representing 8.5% of the company's outstanding shares. This is an amendment to a previous filing, indicating a change in their holdings, which is important for investors to track as large institutional movements can influence stock perception.

Why It Matters

This filing shows that a major institutional investor, Vanguard, maintains a significant stake in Pentair, which can signal confidence in the company's long-term prospects and potentially influence other investors.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional holding, which generally reduces volatility and provides a level of confidence.

Analyst Insight

A smart investor would note Vanguard's continued significant holding as a sign of institutional confidence, but also research any previous filings to understand if this represents an increase or decrease in their stake to gauge sentiment more accurately.

Key Numbers

• 14,082,739 — Shares Beneficially Owned (The total number of Pentair shares Vanguard holds, indicating their substantial investment.)
• 8.5% — Percentage of Class (The proportion of Pentair's common stock owned by Vanguard, showing their significant influence.)
• December 29, 2023 — Event Date (The specific date when Vanguard's ownership percentage was calculated for this filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Pentair PLC (company) — issuer of the securities
• 14,082,739 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 8.5% (dollar_amount) — percentage of Pentair's class of securities owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant stake in Pentair PLC, signaling continued long-term confidence. (The Vanguard Group) — medium confidence, target: Q3 2024

FAQ

From the Filing

0001104659-24-021695.txt : 20240213 0001104659-24-021695.hdr.sgml : 20240213 20240213171208 ACCESSION NUMBER: 0001104659-24-021695 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24629268 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01681-pentairplc.htm SCHEDULE 13G/A pentairplc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* 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 Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  G7S00T104 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 206,753 7.  SOLE DISPOSITIVE POWER 19,218,978 8.  SHARED DISPOSITIVE POWER 697,773 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 19,916,751 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.05% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Pentair PLC Item 1(b) - Address of Issuer's Principal Executive Offices: Regal House, 70 London Road, Twickenham London, Greater London TW1 3QS It