Dark Forest Capital Management LP Makes New $5.22 Million Investment in Pentair plc $PNR

Key Points

• Dark Forest Capital Management LP acquired 59,694 shares of Pentair plc valued at approximately $5.2 million in the first quarter, marking its new position in the industrial products sector.
• Pentair's stock price opened at $107.50, with a 12-month range of $74.25 to $110.71, reflecting a significant performance trajectory.
• Analyst ratings for Pentair are largely positive, with a consensus recommendation of "Moderate Buy" and a target price averaging $114.36.

Dark Forest Capital Management LP bought a new stake in shares of Pentair plc (NYSE:PNR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 59,694 shares of the industrial products company's stock, valued at approximately $5,222,000.

Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Pentair during the 1st quarter valued at $28,000. Colonial Trust Co SC increased its stake in shares of Pentair by 230.8% in the 4th quarter. Colonial Trust Co SC now owns 344 shares of the industrial products company's stock worth $35,000 after purchasing an additional 240 shares in the last quarter. NBC Securities Inc. bought a new position in Pentair in the 1st quarter worth $33,000. North Capital Inc. bought a new position in Pentair in the 1st quarter worth $38,000. Finally, Horizon Financial Services LLC bought a new position in Pentair in the 1st quarter worth $38,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PNR. Robert W. Baird raised their target price on Pentair from $107.00 to $121.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Mizuho raised their target price on Pentair from $118.00 to $122.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Oppenheimer raised their target price on Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. Bank of America cut Pentair from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $106.00 to $100.00 in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Pentair from $113.00 to $116.00 and gave the company 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 stock. According to MarketBeat.com, Pentair presently has a consensus rating of "Moderate Buy" and a consensus price target of $114.36.

Pentair Price Performance

PNR stock traded up $0.60 during trading on Friday, reaching $110.66. The company's stock had a trading volume of 1,118,577 shares, compared to its average volume of 1,148,805. Pentair plc has a 1 year low of $74.25 and a 1 year high of $111.80. 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 company has a market capitalization of $18.14 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08. The company's fifty day moving average is $105.55 and its 200-day moving average is $96.54.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share (EPS) 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 business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business posted $1.22 EPS. Pentair's revenue for the quarter was up 2.2% compared to the same quarter last year. Pentair has set its Q3 2025 guidance at 1.160-1.20 EPS. FY 2025 guidance at 4.750-4.85 EPS. On average, research analysts expect that Pentair plc will post 4.77 earnings per share for the current fiscal year.

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.