Element Capital Management LLC Takes Position in Pentair plc $PNR

Key Points

• Element Capital Management LLC has acquired 30,266 shares of Pentair plc (NYSE:PNR), valued at approximately $2,648,000, signaling growing institutional interest in the company.
• Analysts have raised their price targets for Pentair, with JPMorgan Chase & Co. increasing it to $116.00, while Citigroup set their target at $125.00, indicating optimistic market sentiment.
• Pentair reported earnings of $1.39 per share for the last quarter, surpassing estimates, with revenue slightly up by 2.2% year-over-year, reflecting solid operational performance.

Element Capital Management LLC bought a new position in Pentair plc (NYSE:PNR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,266 shares of the industrial products company's stock, valued at approximately $2,648,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Pacer Advisors Inc. increased its holdings in Pentair by 4,231.6% during the first quarter. Pacer Advisors Inc. now owns 622,185 shares of the industrial products company's stock valued at $54,429,000 after buying an additional 607,821 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Pentair by 229.1% during the 1st 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. Invesco Ltd. grew its position in shares of Pentair by 16.5% during the 1st quarter. Invesco Ltd. now owns 3,829,985 shares of the industrial products company's stock valued at $335,047,000 after acquiring an additional 541,461 shares during the period. Nuveen LLC purchased a new stake in shares of Pentair in the 1st quarter worth $38,663,000. Finally, Northern Trust Corp raised its holdings in Pentair by 27.9% in the 4th quarter. Northern Trust Corp now owns 1,962,263 shares of the industrial products company's stock worth $197,482,000 after purchasing an additional 428,184 shares during the period. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Price Performance

NYSE:PNR traded down $0.3450 during trading hours on Thursday, reaching $104.6950. The stock had a trading volume of 153,282 shares, compared to its average volume of 1,551,575. The stock has a market capitalization of $17.16 billion, a PE ratio of 28.60, a PEG ratio of 2.05 and a beta of 1.07. Pentair plc has a 52 week low of $74.25 and a 52 week high of $110.71. The company has a 50 day moving average price of $103.37 and a two-hundred day moving average price of $95.72. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.45.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on PNR. Robert W. Baird boosted their price target on Pentair from $107.00 to $121.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. TD Cowen cut Pentair from a "buy" rating to a "hold" rating and lowered their price objective for the company from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Stifel Nicolaus boosted their price objective on Pentair from $104.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, July 21st. UBS Group decreased their target price on shares of Pentair from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada upped their price target on shares of Pentair from $99.00 to $101.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.36.

About Pentair

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.