Eventide Asset Management LLC Raises Holdings in Pentair plc $PNR

Key Points

• Eventide Asset Management LLC increased its holdings in Pentair plc by 10.2% in Q1, owning 303,495 shares valued at approximately $26.54 million.
• Pentair reported $1.39 EPS for the last quarter, exceeding analysts' expectations of $1.33, with a revenue of $1.12 billion.
• Analysts have given Pentair an average rating of "Moderate Buy" with a price target of $114.36, although some firms downgraded their ratings recently.

Eventide Asset Management LLC raised its position in shares of Pentair plc (NYSE:PNR - Free Report) by 10.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 303,495 shares of the industrial products company's stock after purchasing an additional 28,120 shares during the period. Eventide Asset Management LLC owned about 0.18% of Pentair worth $26,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Pentair during the 1st quarter valued at $28,000. Colonial Trust Co SC raised its position 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 acquiring an additional 240 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Pentair in the 1st quarter worth $33,000. North Capital Inc. bought a new position in shares of Pentair in the 1st quarter worth $38,000. Finally, Horizon Financial Services LLC bought a new position in shares of Pentair in the 1st quarter worth $38,000. 92.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on PNR. Mizuho boosted their price target on Pentair from $118.00 to $122.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. TD Cowen lowered Pentair from a "buy" rating to a "hold" rating and reduced their price target for the stock from $115.00 to $110.00 in a research report on Wednesday, July 23rd. Barclays boosted their price target on Pentair from $116.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Oppenheimer boosted their target price on Pentair from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Citigroup restated a "buy" rating and set a $125.00 target price (up from $99.00) on shares of Pentair in a research note on Monday, July 14th. Two 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 stock. According to MarketBeat, Pentair currently has an average rating of "Moderate Buy" and a consensus price target of $114.36.

Pentair Stock Performance

Pentair stock traded up $0.07 during trading hours on Monday, hitting $110.71. 955,601 shares of the stock traded hands, compared to its average volume of 1,527,691. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 0.84. The firm's 50 day moving average price is $105.55 and its 200-day moving average price is $96.56. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 2.12 and a beta of 1.08. Pentair plc has a 1 year low of $74.25 and a 1 year high of $111.80.

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 (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.12 billion. Pentair had a return on equity of 21.62% and a net margin of 14.86%.The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 EPS. 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, equities analysts expect that Pentair plc will post 4.77 EPS for the current fiscal year.

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.