Cinctive Capital Management LP Makes New $976,000 Investment in Pentair plc $PNR

Key Points

• Cinctive Capital Management LP has acquired 11,154 shares of Pentair plc, valued at approximately $976,000, as reported in its recent SEC filing.
• Pentair's shares rose 3.0%, with its stock price opening at $110.01, while analysts have increased their price targets and ratings for the stock.
• The company reported $1.39 earnings per share for the last quarter, exceeding analyst expectations and showing a 2.2% revenue growth year-over-year.

Cinctive Capital Management LP purchased a new stake in shares of Pentair plc (NYSE:PNR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,154 shares of the industrial products company's stock, valued at approximately $976,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in Pentair by 373.8% in the first quarter. Ameriprise Financial Inc. now owns 1,137,682 shares of the industrial products company's stock worth $99,523,000 after acquiring an additional 897,585 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Pentair by 4,231.6% in the first quarter. Pacer Advisors Inc. now owns 622,185 shares of the industrial products company's stock valued at $54,429,000 after acquiring an additional 607,821 shares during the period. Amundi lifted its holdings in Pentair by 13.6% in the first quarter. Amundi now owns 4,974,612 shares of the industrial products company's stock valued at $412,033,000 after acquiring an additional 594,989 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Pentair by 229.1% in the first quarter. Assenagon Asset Management S.A. now owns 786,362 shares of the industrial products company's stock valued at $68,791,000 after acquiring an additional 547,419 shares during the period. Finally, Invesco Ltd. increased its position in shares of Pentair by 16.5% in the first quarter. Invesco Ltd. now owns 3,829,985 shares of the industrial products company's stock valued at $335,047,000 after buying an additional 541,461 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Stock Performance

NYSE:PNR traded up $0.60 during mid-day trading on Friday, reaching $110.66. 1,118,577 shares of the stock were exchanged, compared to its average volume of 1,147,402. Pentair plc has a 1 year low of $74.25 and a 1 year high of $111.80. The company has a 50 day simple moving average of $105.55 and a 200-day simple moving average of $96.56. The company has a quick ratio of 0.84, a current ratio of 1.45 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $18.14 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.12 and a beta of 1.08.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. Pentair had a return on equity of 21.62% and a net margin of 14.86%.The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the firm earned $1.22 EPS. The firm's revenue for the quarter was up 2.2% on a year-over-year basis. Pentair has set its Q3 2025 guidance at 1.160-1.20 EPS. FY 2025 guidance at 4.750-4.85 EPS. Analysts anticipate that Pentair plc will post 4.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PNR has been the subject of several research reports. Stifel Nicolaus boosted their price target on Pentair from $104.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Bank of America cut Pentair from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $106.00 to $100.00 in a report on Tuesday, July 29th. TD Cowen lowered Pentair from a "buy" rating to a "hold" rating and decreased their price target for the company from $115.00 to $110.00 in a research note on Wednesday, July 23rd. Mizuho increased their target price on Pentair from $118.00 to $122.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on Pentair from $113.00 to $116.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Pentair currently has an average rating of "Moderate Buy" and a consensus target price of $114.36.

Pentair Profile

Pentair plc provides various water solutions in the United States, Western Europe, China, Eastern Europe, Latin America, the Middle East, Southeast Asia, Australia, Canada, and Japan. The company operates through three segments: Flow, Water Solutions, and Pool. The Flow segment designs, manufactures, and sells fluid treatment and pump products and systems, including pressure vessels, gas recovery solutions, membrane bioreactors, wastewater reuse systems and advanced membrane filtration, separation systems, water disposal pumps, water supply pumps, fluid transfer pumps, turbine pumps, solid handling pumps, and agricultural spray nozzles for fluid delivery, ion exchange, desalination, food and beverage, separation technologies in the oil and gas industry, residential and municipal wells, water treatment, wastewater solids handling, pressure boosting, circulation and transfer, fire suppression, flood control, agricultural irrigation, and crop spray in residential, commercial, and industrial markets.