Kayne Anderson Rudnick Investment Management LLC Purchases 17,817 Shares of Pentair plc $PNR

Key Points

• Kayne Anderson Rudnick Investment Management LLC acquired an additional 17,817 shares of Pentair plc, increasing its stake to 1,767,782 shares, valued at approximately $154.6 million.
• Pentair's recent quarterly earnings surpassed analysts' expectations with an EPS of $1.39, compared to a consensus estimate of $1.33, while revenue was reported at $1.12 billion.
• Analysts are optimistic about Pentair's stock, with several upgrades and an average price target of $114.36, indicating a "Moderate Buy" rating from MarketBeat.com.

Kayne Anderson Rudnick Investment Management LLC lifted its stake in Pentair plc (NYSE:PNR - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,767,782 shares of the industrial products company's stock after buying an additional 17,817 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 1.07% of Pentair worth $154,646,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNR. Guggenheim Capital LLC raised its stake in shares of Pentair by 15.2% in the fourth quarter. Guggenheim Capital LLC now owns 2,734 shares of the industrial products company's stock valued at $275,000 after purchasing an additional 360 shares in the last quarter. Stifel Financial Corp increased its holdings in Pentair by 7.2% in the 4th quarter. Stifel Financial Corp now owns 198,021 shares of the industrial products company's stock valued at $19,929,000 after buying an additional 13,382 shares during the period. Hsbc Holdings PLC raised its stake in shares of Pentair by 52.4% in the 4th quarter. Hsbc Holdings PLC now owns 162,937 shares of the industrial products company's stock valued at $16,392,000 after buying an additional 56,008 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Pentair by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 228,463 shares of the industrial products company's stock worth $22,993,000 after acquiring an additional 706 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in shares of Pentair by 13.6% during the 4th quarter. Voya Investment Management LLC now owns 160,332 shares of the industrial products company's stock worth $16,136,000 after acquiring an additional 19,231 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Pentair from $104.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Wall Street Zen upgraded Pentair from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. TD Cowen downgraded Pentair from a "buy" rating to a "hold" rating and cut their target price for the stock from $115.00 to $110.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on Pentair from $113.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Oppenheimer lifted their price objective on Pentair from $118.00 to $120.00 and gave the company an "outperform" rating in a 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.36.

Pentair Price Performance

Shares of Pentair stock traded down $0.11 during trading on Thursday, reaching $109.23. The company's stock had a trading volume of 817,107 shares, compared to its average volume of 1,544,466. The stock has a 50-day moving average price of $104.44 and a two-hundred day moving average price of $96.03. The stock has a market capitalization of $17.91 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 2.09 and a beta of 1.07. 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 one year low of $74.25 and a one year high of $110.71.

Pentair (NYSE:PNR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The industrial products company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Pentair had a net margin of 14.86% and a return on equity of 21.62%. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the company posted $1.22 EPS. The company'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, sell-side analysts anticipate that Pentair plc will post 4.77 EPS for the current fiscal year.

Pentair Company 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.