Bank of America Corp DE Sells 48,564 Shares of Pentair plc $PNR

Key Points

• Bank of America reduced its Pentair stake by 7.3%, selling 48,564 shares and retaining 612,594 shares valued at about $53.4 million. Institutional investors collectively own 92.37% of Pentair.
• Pentair’s latest quarterly results showed a modest EPS beat of $1.14 versus $1.12 expected, but revenue fell 17% year over year to $932.6 million and missed estimates. The stock opened at $67.26, well below its 200-day moving average of $82.93.
• Analyst sentiment is mixed and price targets have been reduced: the consensus rating is “Hold” with an average target of $89.94. The company also faces legal scrutiny over alleged misstatements concerning pool inventory, following a reported stock decline and its CFO’s abrupt departure.

Bank of America Corp DE reduced its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 7.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 612,594 shares of the industrial products company's stock after selling 48,564 shares during the period. Bank of America Corp DE owned about 0.38% of Pentair worth $53,363,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Pentair by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 4,428,737 shares of the industrial products company's stock valued at $459,480,000 after purchasing an additional 137,980 shares during the period. Amundi raised its holdings in Pentair by 13.1% during the 1st quarter. Amundi now owns 4,237,659 shares of the industrial products company's stock valued at $369,208,000 after acquiring an additional 491,758 shares during the period. Invesco Ltd. lifted its holdings in Pentair by 3.1% during the 4th quarter. Invesco Ltd. now owns 3,414,386 shares of the industrial products company's stock worth $355,574,000 after purchasing an additional 101,650 shares in the last quarter. Morgan Stanley boosted its position in shares of Pentair by 21.7% in the fourth quarter. Morgan Stanley now owns 2,474,549 shares of the industrial products company's stock valued at $257,700,000 after acquiring an additional 441,878 shares during the period. Finally, Northern Trust Corp grew its position in shares of Pentair by 0.9% during the 3rd quarter. Northern Trust Corp now owns 2,149,531 shares of the industrial products company's stock valued at $238,082,000 after purchasing an additional 18,716 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.

Pentair Stock Up 0.8%

Shares of NYSE:PNR opened at $67.26 on Wednesday. The stock's 50-day moving average is $70.99 and its 200 day moving average is $82.93. Pentair plc has a 1 year low of $57.60 and a 1 year high of $113.95. The company has a market cap of $10.74 billion, a PE ratio of 16.90, a P/E/G ratio of 1.52 and a beta of 1.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.45 and a quick ratio of 0.76.

Pentair (NYSE:PNR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.02. The business had revenue of $932.60 million for the quarter, compared to the consensus estimate of $943.24 million. Pentair had a net margin of 16.24% and a return on equity of 20.62%. The company's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.39 EPS. Pentair has set its Q3 2026 guidance at 1.050-1.080 EPS. Sell-side analysts anticipate that Pentair plc will post 4.65 EPS for the current year.

Analysts Set New Price Targets

PNR has been the subject of several recent analyst reports. Mizuho cut their price objective on Pentair from $100.00 to $85.00 and set an "outperform" rating for the company in a report on Tuesday, July 21st. Royal Bank Of Canada cut Pentair from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from $101.00 to $74.00 in a research note on Wednesday, July 15th. Weiss Ratings downgraded Pentair from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 3rd. Robert W. Baird dropped their price target on Pentair from $83.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus reaffirmed a "hold" rating and issued a $65.00 target price (down from $103.00) on shares of Pentair in a research note on Thursday, July 16th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Pentair has a consensus rating of "Hold" and an average price target of $89.94.

Key Headlines Impacting Pentair

Here are the key news stories impacting Pentair this week:

• Neutral Sentiment: Multiple law firms are reminding investors who purchased Pentair securities between April 28 and July 14, 2026, of an October 2, 2026 deadline to seek appointment as lead plaintiff in the filed class action. These notices largely repeat the same information and do not represent new operating disclosures. Rosen Pentair investor notice
• Negative Sentiment: The lawsuits allege that Pentair and certain executives misled investors about pool-related inventory conditions and other business matters. The claims seek damages for investors who suffered losses during the class period, creating potential litigation costs and liability for the company. Hagens Berman Pentair class action notice
• Negative Sentiment: One complaint-related announcement links the legal action to an approximately 15% stock drop after pool inventory issues became public and Pentair’s CFO reportedly departed abruptly. The allegations may increase investor concern about internal controls, disclosure practices and the company’s outlook. Bleichmar Fonti Pentair lawsuit announcement
• Negative Sentiment: The legal overhang comes after Pentair’s latest results showed revenue down 17% year over year and quarterly sales below consensus, despite a small earnings-per-share beat. That combination reinforces concerns about weakening demand and execution.

About Pentair

Pentair plc NYSE: PNR is a global provider of water treatment and fluid management solutions. The company designs, manufactures and sells a broad range of products that move, treat, monitor and control the flow of water and other fluids across residential, commercial, industrial and municipal markets. Pentair's offerings are focused on improving water quality, conserving resources and enabling efficient fluid handling in applications from household water systems and pools to large-scale industrial and municipal installations.

Product lines include pumps and pumping systems, water filtration and purification equipment, valves and controls, heat exchangers, pool and spa systems, and a range of aftermarket parts and services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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