Adage Capital Partners GP L.L.C. Raises Position in Pentair plc $PNR

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Pentair plc by 42.2%, acquiring an additional 181,400 shares, bringing its total ownership to 610,802 shares valued at approximately $53.4 million.
• Multiple hedge funds, including Ameriprise Financial and Pacer Advisors, have significantly increased their positions in Pentair during the first quarter, contributing to institutional investors owning 92.37% of the company.
• Pentair's stock recently opened at $106.76, with a one-year high of $110.71, and it reported earnings per share of $1.39 for the last quarter, exceeding analysts' expectations.

Adage Capital Partners GP L.L.C. boosted its holdings in Pentair plc (NYSE:PNR - Free Report) by 42.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 610,802 shares of the industrial products company's stock after acquiring an additional 181,400 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.37% of Pentair worth $53,433,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV increased its position in shares of Pentair by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,352 shares of the industrial products company's stock valued at $1,142,000 after buying an additional 494 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in Pentair by 14.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 2,353 shares of the industrial products company's stock worth $237,000 after buying an additional 303 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Pentair by 26.0% in the 4th quarter. BNP Paribas Financial Markets now owns 384,651 shares of the industrial products company's stock valued at $38,711,000 after purchasing an additional 79,357 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Pentair by 2.0% in the 4th quarter. Baird Financial Group Inc. now owns 48,940 shares of the industrial products company's stock valued at $4,925,000 after purchasing an additional 969 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in Pentair during the 4th quarter worth approximately $278,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Price Performance

NYSE PNR traded up $0.07 during midday trading on Monday, hitting $110.71. The company had a trading volume of 944,173 shares, compared to its average volume of 1,527,589. The company has a current ratio of 1.45, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Pentair plc has a twelve month low of $74.25 and a twelve month high of $111.80. The company has a market capitalization of $18.15 billion, a PE ratio of 30.25, a P/E/G ratio of 2.12 and a beta of 1.08. The firm has a 50-day moving average price of $105.55 and a 200-day moving average price of $96.56.

Pentair (NYSE:PNR - Get Free Report) last issued 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 business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the company posted $1.22 EPS. Pentair's quarterly revenue 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. As a group, 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 a number of research analyst reports. Oppenheimer boosted their price target on Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Barclays upped their target price on Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. TD Cowen lowered Pentair from a "buy" rating to a "hold" rating and lowered their target price for the company from $115.00 to $110.00 in a report on Wednesday, July 23rd. Citigroup reissued a "buy" rating and set a $125.00 price objective (up previously from $99.00) on shares of Pentair in a report on Monday, July 14th. Finally, Mizuho raised their target price on Pentair from $118.00 to $122.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.