California State Teachers Retirement System Raises Holdings in Pentair plc $PNR

Key Points

• California State Teachers Retirement System increased its Pentair stake by 7,367.6% in the second quarter, acquiring 19.4 million additional shares. It now owns 19.67 million shares, or approximately 12.32% of the company, valued at about $1.51 billion.
• Pentair reported a 17% year-over-year revenue decline to $932.6 million and EPS fell to $1.14 from $1.39, while several law firms publicized proposed securities class actions related to the company’s disclosures and pool business.
• Analysts have broadly reduced their price targets, and Zacks maintained a “Strong Sell” rating. Shares opened at $56.56, near their 52-week low, while the analyst consensus remains “Hold” with an $89.94 price target.

California State Teachers Retirement System increased its stake in shares of Pentair plc (NYSE:PNR - Free Report) by 7,367.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,671,493 shares of the industrial products company's stock after acquiring an additional 19,408,069 shares during the period. California State Teachers Retirement System owned about 12.32% of Pentair worth $1,508,017,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Wexford Capital LP acquired a new stake in shares of Pentair during the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Pentair by 71.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 252 shares of the industrial products company's stock worth $26,000 after acquiring an additional 105 shares during the period. Motiv8 Investments LLC purchased a new position in Pentair during the fourth quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Pentair in the fourth quarter valued at about $43,000. Finally, Intesa Sanpaolo Wealth Management acquired a new stake in shares of Pentair in the fourth quarter valued at about $44,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Pentair

Here are the key news stories impacting Pentair this week:

• Neutral Sentiment: Several law firms announced or publicized a securities class action against Pentair, with the alleged class periods generally covering March 11, 2025 through July 14, 2026, or narrower periods within those dates. The filings reportedly concern alleged investor harm and claims related to Pentair’s disclosures, including its pool business. The allegations have not been proven, and the notices primarily seek investors to apply for lead-plaintiff status by October 2, 2026. Pentair plc Notice of October 2, 2026 Application Deadline
• Negative Sentiment: The concentration of investor-alert releases may increase concerns about litigation costs, reputational damage and potential financial liability. One notice cited allegations that Pentair’s Pool segment experienced approximately $250 million in lost sales and $155 million in lost income from channel destocking while investors had been told full-year sales would increase. SueWallSt Pentair Investor Notice
• Negative Sentiment: Zacks Research cut its EPS forecasts across multiple periods: FY2027 to $5.05 from $5.11, FY2028 to $5.59 from $5.65, and quarterly estimates for Q2 2027, Q3 2027, Q4 2027 and Q2 2028. Zacks maintained a “Strong Sell” rating, signaling deteriorating expectations for future profitability.
• Negative Sentiment: Pentair’s latest reported quarter also showed underlying pressure: revenue fell 17% year over year to $932.6 million, missing estimates, while EPS declined to $1.14 from $1.39 despite narrowly exceeding consensus. The stock’s 50-day and 200-day moving averages remain well above its current trading level, reflecting substantial recent weakness.

Analysts Set New Price Targets

Several research firms recently weighed in on PNR. Mizuho reduced their price target on shares of Pentair from $100.00 to $85.00 and set an "outperform" rating for the company in a research report on Tuesday, July 21st. Stifel Nicolaus reiterated a "hold" rating and set a $65.00 price target (down from $103.00) on shares of Pentair in a research report on Thursday, July 16th. Robert W. Baird reduced their price objective on Pentair from $83.00 to $80.00 and set an "outperform" rating for the company in a research note on Wednesday, July 29th. TD Cowen decreased their price objective on Pentair from $75.00 to $65.00 and set a "sell" rating on the stock in a report on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of Pentair from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, August 3rd. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $89.94.

Pentair Price Performance

Shares of NYSE PNR opened at $56.56 on Friday. The stock's 50-day simple moving average is $65.23 and its 200-day simple moving average is $76.64. Pentair plc has a fifty-two week low of $56.25 and a fifty-two week high of $113.95. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.76 and a current ratio of 1.45. The firm has a market capitalization of $9.03 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.02.

Pentair (NYSE:PNR - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.02. The firm 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 revenue was down 17.0% on a year-over-year basis. During the same period last year, the firm posted $1.39 EPS. As a group, equities research analysts forecast that Pentair plc will post 4.64 EPS for the current fiscal year.

Pentair Company Profile

Pentair plc NYSE: PNR is a water-treatment and fluid-management company that develops products and solutions for residential, commercial, industrial and municipal applications. Its offerings are designed to help move, filter, treat and manage water, with an emphasis on water quality, efficiency and sustainability.

The company's products include pool and spa pumps, filters, heaters, automation systems and related equipment; water softening and filtration systems; and pumps, valves, controls and other fluid-management products.

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